Knowledge Tree
unfair lending practices
Facts (5)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org Oct 25, 2021 4 facts
claimFinancial literacy and financial coaching are considered beneficial but insufficient strategies for addressing unfair lending practices on their own.
perspectiveFaith-based leaders should advance fair lending practices and partner with health care and public health leaders to protect community members by reducing exposure to unsecured debt and unfair lending practices.
perspectiveFaith-based leaders should advance fair lending practices and partner with health care and public health leaders to protect community members by reducing exposure to unsecured debt and unfair lending practices.
perspectiveSome advocates argue that consumer financial education is sufficient to address unfair lending practices by banks and alternative financial service institutions.
A Prudent Approach To Preventing "Predatory" Lending | Brookings brookings.edu 1 fact
claimThe U.S. Congress has enacted legislation to crack down on unfair lending practices and imposed reporting obligations on depository and non-depository lenders to increase transparency regarding high-cost lending.