Sentences with phrase «in predatory practices»

Now, with this «agency reorganization», it is a blow to the agency's structural ability to take action against student loan companies who engage in predatory practices against student loan borrowers.

It also prohibits them, among other things, from directly misleading consumers, engaging in predatory practices, and including inaccurate information on a credit report.

Not exact matches

In that context, America's belated push to stop the trade free - loaders looks like a convenient pretext to argue that only a united Europe — around France and Germany, of course — can protect the continent's vital economic interests from what Paris and Berlin see as American protectionism and China's predatory trade practices.

Creamfinance works in the short term loan industry, one that has been plagued by predatory companies and outdated business practices.

Shareholders hit Buffett with questions about predatory lending practices at Berkshire - owned Clayton Homes; his partnership with 3G Capital, which is notorious for its layoffs and cost cutting; and the fact that many of his investments are in companies that produce products that are high in processed sugars, like Coke and ketchup, at a time when many are worried about obesity.

Chime's Bank Fee Finder exposed the impact of traditional banks» predatory practices and found that on average bank customers pay $ 329 in fees annually.

In this quest for profit, they enabled predatory trading practices which have changed the nature of capital markets around the world, creating a disadvantage for long - term investors, and removing millions of dollars in equity from the markets every daIn this quest for profit, they enabled predatory trading practices which have changed the nature of capital markets around the world, creating a disadvantage for long - term investors, and removing millions of dollars in equity from the markets every dain equity from the markets every day.

Many of the people hardest hit by the housing sector collapse of 2008 lived in America's inner cities, the victims of predatory lending practices.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

The RFP follows the Seattle City Council's passage of Ordinance 125257 in February 2017, which cut back on the city's dealings with Wells Fargo due to the bank's involvement in the Dakota Access pipeline and predatory lending practices.

Predatory lending practices can be found at any point in the loan buying process, from false advertising to high - pressure sales tactics.

Today's China - bashing is much like the earlier attacks on Japan and other Asian countries in the late 1980s, demonizing successful economies for avoiding the predatory practices that have corroded American industry, «financializing» and post-industrializing the economy.

Nestlé, which has been designated as the «Least Ethical Company» globally, is infamous for practices including destruction of water resources; aggressive marketing of infant formula and other baby foods in violation of the World Health Organization's International Code of Marketing of Breastmilk Substitutes and subsequent WHA resolutions; trade union busting and infiltrating public interest organizations critical of Nestlé's predatory practices.

«I've spent 37 years in this district defending working people from predatory corporate practices, and now, I want to go to Congress to make sure that no insurance company or pharmaceutical manufacturer ever puts their profit margins before a person's life.

At 10 a.m., community organizations release report highlighting lack of oversight of for - profit commercial bail bond industry in New York City and call on elected officials and regulators to take immediate action to rein in predatory and illegal practices, City Hall steps, Manhattan.

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.

Queens, NY — Independent Democratic Conference Leader State Senator Jeff Klein (D - Bronx / Westchester) and State Senator Diane Savino (D - Staten Island / Brooklyn) 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 currently happening in New York City.

Also, a package of eleven bills will be introduced to combat predatory auto lending practices in the state.

In April 2015 the IDC released an investigative report, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» that examined the deceptive practices used by car dealers to take advantage of consumerIn April 2015 the IDC released an investigative report, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» that examined the deceptive practices used by car dealers to take advantage of consumerin New York,» that examined the deceptive practices used by car dealers to take advantage of consumers.

The report outlines a package of 11 bills that the IDC will introduce to combat predatory auto lending practices in New York State.

In April, the IDC released an investigative report, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» which highlighted numerous predatory tactics being practiced by used car dealerships throughout New York CitIn April, the IDC released an investigative report, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» which highlighted numerous predatory tactics being practiced by used car dealerships throughout New YPredatory Subprime Auto Lending in New York,» which highlighted numerous predatory tactics being practiced by used car dealerships throughout New York Citin New York,» which highlighted numerous predatory tactics being practiced by used car dealerships throughout New Ypredatory tactics being practiced by used car dealerships throughout New York City.

Yes, so reports like the one cited above by the Department of Defense, showing how vets are victims of predatory loan practices, would in fact become illegal.

U.S. Sen. Chuck Schumer pressed the International Trade Commission to take action to stop what aluminum producers in New York say are «predatory» trade practices by foreign governments and producers, especially China.

The investigation at the time found that the company was engaged in predatory lending practices and misrepresenting loan terms.

The conviction — on some, but not all, of the eight counts he was charged with — gives others in the sector even more reason to declare at full volume that Shkreli is not one of them, «and allows them to distance themselves from his predatory practices,» said Robert Mintz, a former federal prosecutor who is head of the white collar defense practice at McCarter & English, which represents branded pharmaceutical companies in a number of practice areas.

There are also protections in place against predatory practices such as automated profiles (bots) that try to convince users to download malware or provide vital information.

The most striking evidence of the ongoing need to fight exploitative credit practices is the recent tidal wave of predatory lending known as the sub-prime mortgage crisis... «Ghetto - lending practices of the 1960s have metastasized... We are all in the ghetto now.

Improprieties in the housing market and the rise of subprime mortgages was one of the chief causes of the collapse, and those predatory practices have been placed directly in the crosshairs of director Ramin Bahrani's new film 99 Homes.

But scrutiny of the for - profits continues: «The states have opened another line of attack, with at least 24 attorneys general investigating whether for - profit colleges under their jurisdiction have engaged in false advertising, illegal recruiting practices or predatory loan schemes.»

Amazon has been so predatory in their practices.

Although I'm tilting more toward self publishing, the more I hear about the predatory practices the traditional publishers are starting to adopt, no matter what the field looks like in the future.

On the one side, the dark tower of Amazon, with their huge distribution network and their «predatory» practices and their consumers locked - in to their Kindles.

The reasons range from Amazon's alleged predatory practices that these booksellers say have hard hit their businesses to the fact Amazon will be the sole e-book distributor of these titles to the fact Amazon manages not to pay taxes in some areas.

Kirshbaum had been given a directive to land big fish and the resources to do so, but he struggled to sign well - known authors to Amazon Publishing, in part because signing with one of its imprints effectively locked you into one retail platform: most retailers, including Barnes & Noble, don't usually stock books published by Amazon in retaliation for the retailer's many predatory practices.

It is ruthless in its business practices and grip on market shares and probably breaks the law on predatory pricing.

Later in the fall, Navient, the largest student loan servicer in the U.S., was dealt a lawsuit by Pennsylvania Attorney General Josh Shapiro, alleging predatory and misleading practices, including $ 4 billion in abusive interest charges.

Rise aims to fill the need, by providing low barrier loans to people without some of the predatory lending practices prevalent in the payday loan industry.

The waiver contains strict conditions and guidelines to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers.

In fact, they use predatory practices that harm a borrower in the long run.&raquIn fact, they use predatory practices that harm a borrower in the long run.&raquin the long run.»

California's attorney general filed a lawsuit against the schools and its subsidiaries (Heald, Everest College, and WyoTech) in 2013 for a predatory scheme targeting low - income students, and the schools were accused of falsely advertising programs that didn't exist, misleading students about their credits transferring to Cal State, and engaging in illegal debt collection practices.

Some of the recognized large financial institutions offering zero interest transfers are also reputed to be the most predatory in their lending practices.

The CFPB's rules were meant to protect consumers from predatory lending practices in the automobile sector.

We pride ourselves in being able to help our customers while staying away from predatory loan practices.

It bars practices associated with predatory lending such as frequently refinancing a loan in order to charge fees.

Under sweeping new rules passed last week, the 18 - month - old federal agency moved to help protect consumers from the worst sorts of predatory lending practices and shoddy underwriting standards that helped cause a dramatic increase in mortgage delinquencies and consequently the country's recent foreclosure crisis.

Over the past several years, predatory lending practices have been prevalent in the area of home mortgages.

One of the most common practices among predatory lenders is loan churning, where borrowers are forced into a relentless loan cycle in which they are constantly paying fees and interest, without noticeably reducing the principal amount owed on the loan.

The best defense against predatory lenders lies in educating yourself about their deceptive practices.

As we have written in prior posts, the CFPB exists largely because the lending industry (including many current private student lenders) engaged in widespread predatory practices that buried many consumers in debt.

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.