Predatory lending practices are characterized by three specific maxims: lenders prioritize foreclosure as the primary objective of loans; lenders or brokers view borrowers as profit-extraction entities rather than people with dignity; and fraudulent practices include providing false information, lacking transparency in loan term disclosure, and lacking objectivity by rating agencies.

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 lending practices concept