Many predatory loans include non-negotiable, mandatory arbitration clauses that prevent borrowers from seeking judicial redress, prohibit joining class action lawsuits, or shift the lender's attorney fees to the borrower.

Authors

• Person: Yuqing Li Organization: 7 Pillars Institute
  Financial Ethics 101: Predatory Lending - Seven Pillars Institute

Sources

• Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com Yuqing Li · 7 Pillars Institute via serper

Referenced by nodes (1)

• predatory loans concept