Predatory lending refers to any unfair practice that benefits the lender and makes it difficult for a borrower to repay debt. The signs of a predatory loan include language like ‘guaranteed’ approval, ...
Choosing the right personal loan lender can be the difference between getting out of debt fast — or getting dragged down by debt for years to come. Before you borrow, it’s crucial to find a reputable ...
The Federal Deposit Insurance Corporation (FDIC) Supervisory Policy on Predatory Lending (FDIC FIL-6-2007) describes certain characteristics of predatory lending and reaffirms that such activities are ...
“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find ...
Predatory lending is an easily overlooked business that has damaged communities of color and poorer people for decades. It traps borrowers in never-ending cycles of debt with high-interest loans on ...
Officials in 3 Ga. counties filed the complaint claiming Wells Fargo engaged in an 'equity stripping' scheme that targeted minorities. A federal judge ruled late last week that a predatory lending ...
Imagine you learn a family member has defrauded your mother of $800,000 in home equity — and that they did it with help from an unscrupulous mortgage lender. This is the story of Reginald Byron ...
Ten years ago, the eighty-third Texas Legislature had a chance to prove it wasn’t hopelessly corrupted by even the sleaziest of industries. That year, lawmakers considered modest reforms to the payday ...
While non-fungible token (NFT) trading volumes slumped in May, the adjacent NFT lending space is blooming. And so far, reviews are mixed. NFTfi – an evolving term for technology that sits at the ...
Predatory lending benefits a lender at the borrower's expense. Learn the warning signs and how to spot a good lender. Many, or all, of the products featured on this page are from our advertising ...