Sentences with phrase «more predatory lending»

Private student loans for community college often contain more predatory lending terms, like penalties for early repayments.

When people see banks browbeating the bond rating agencies and accounting firms to whitewash the quality of what they're pawning off on their customers, when they see bank lobbyists getting Washington to block state prosecutions of financial fraud so as to clear the way for more predatory lending and false packaging of the junk securities they're selling and to win the right not to reveal their true financial position, there's a good reason not to buy what's in these black boxes.

Not exact matches

Predatory lending occurs when lenders impose excessive or unnecessary fees or steer borrowers into expensive loans when they could qualify for more affordable credit.

Richard Cordray, director of the Consumer Financial Protection Bureau, commented, «Subprime [auto] borrowers may be more vulnerable to predatory practices, so direct oversight of their lending practices is essential.»

You'll likely see high interest rates, making it even more important to shop around so as not to fall victim to predatory lending.

Changing the bankruptcy laws to allow for discharge of student loan debts would do far more to solve the problem of predatory educational lending than any initiative Richard Cordray can conceive.

The crime rate applies more where you looked at things like serious predatory lending and inflated home values — where older people were talked into refinancing their house that was worth about $ 40k for a loan of about $ 80k so they could lower their payments by $ 75 / month, or those who really didn't understand what they were signing were talked into majorly inflated prices for homes in areas not worth it.

Most of that money I took in a «manic» mode, as Sallie Mae offered me about $ 18K more than I actually needed EACH SEMESTER (it was predatory lending, for what that's worth).

Oh — one more thing, gbaikie — look up deceptive marketing practices used by lenders to sell subprime loans (you can start that search with the keywords «predatory lending.»)

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«These high rates need to be cleaned up before introducing a more liberal zero - down product,» said Amalia NietoGomez, the Illinois predatory lending organizer at the National Training and Information Center, in Chicago.