Sentences with phrase «predatory lending occurs»
Predatory lending occurs when lenders impose excessive or unnecessary fees or steer borrowers into expensive loans when they could qualify for more affordable credit.
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On Thursday morning, State Senator Jeff Klein and State Senator Diane Savino will release, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» an investigative report exposing the top deceptive subprime auto lending and advertising practices presently occurring in New York City.