«In today's market, the lending institutions have tightened standards to preserve equity in their portfolios, and, since 2008, the government has instituted regulations to protect
consumers against predatory lending.»
Not exact matches
The payday loan is a controversial topic in banking and financial circles, with increasing regulation and pressure to protect
consumers against what may be considered to be
predatory lending practices.
Enacted in 1994, the Home Ownership and Equity Protection Act (HOEPA) helps protect you
against predatory lending (i.e. unfair
lending practices designed to take advantage of
consumers with potential financial shortcomings).
The
Consumer Financial Protection Bureau recently filed suit
against the parent company of Everest College, which operates over two dozen medical assistant programs, citing an «illegal
predatory lending scheme.»
In North Carolina, practitioners played a key role in getting the nation's toughest
predatory lending law passed, and helped form an organization to protect unsuspecting
consumers against unscrupulous lenders.