Sentences with phrase «predatory lending as»

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

These can all be signs of predatory lending as well, according to Debt.org.

These can all be signs of predatory lending as well, according to Debt.org.

Not exact matches

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.

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.

Look out for things such as the number of loans in default, predatory lending complaints, and customer feedback.

Ms. Niou, who worked for nonprofit groups and as a legislative aide in Washington State, fighting predatory lending, has been chief of staff to a Queens assemblyman.

Nick Confessore reports that John Sampson, the State Senate leader, performed legal work for Edul Ahmad, a Queens real estate broker who was being investigated by state authorities on allegations of fraud and predatory lending, and was disciplined for acting as a notary for the broker after his notary license had expired, according to state documents.

«I understand clearly as a freshman in Congress you don't get to steer the bus,» says Foster, who secured a seat on the House Committee on Financial Services, which deals with issues such as credit card abuse and predatory lending.

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.

But as useful as a personal loan can be, it's also a market that attracts predatory lending.

As long as lenders do not employ predatory lending practices or demand usurious interest rates and fees, they must make their moneAs long as lenders do not employ predatory lending practices or demand usurious interest rates and fees, they must make their moneas lenders do not employ predatory lending practices or demand usurious interest rates and fees, they must make their money.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

I pushed back, exclaiming that I have never seen such horrible loan products as the predatory student loans that were issued like candy during the heyday of subprime lending.

This is a heated topic in consumer advocacy circles as usory lending is deemed to be predatory and takes advantage of people in desperate situations who need to obtain short term loans.

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

Also, there are less strict regulations with their approval process, where they give private student loans to unqualified borrowers, which is just as bad as predatory lending.»

When applying for these types of cards, it's important to read the terms and conditions so as not to fall victim to predatory lending.

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

There are other predatory practices such as loan packing, loan flipping, asset - based lending and reverse redlining.

When you are applying for a loan you have to be mindful as there are many financial institutions practicing predatory lending and there are even others...

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 Equity Recoupment program allows our clients to recoup what they may have lost as a result of predatory lending and the current mortgage crisis.

This scenario makes it simple to understand why many consumer groups consider «bounce protection» as short - term predatory lending by banks.

Many felt it was merely predatory lending, offering risky mortgage programs at unreasonable costs, often pushing under - qualified borrowers into poorly explained loan programs such as option - arms and interest - only home loans, leaving them with mountains of debt.

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).

I am just asking that you recognize your predatory borrowing is as much to blame as their predatory lending for the general destruction of wealth that resulted.

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

As we have read in the media, predatory lending practices exist in this industry thereby often causing default, eventual foreclosure and even bankruptcy.

Interns are generally assigned to one attorney supervisor for each half of the summer, and work primarily with that attorney on routine cases such as eviction defense, public assistance and social insurance eligibility, protection from domestic violence and predatory lending.

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I have seen some law firms beginning to specialize in predatory dealing and lending in RE as the penalties can be very stiff, 10 years and 100K plus damages and attorney fees.

He is a frequent speaker on topics such as business formation and development, establishment of estate plans, short sales, foreclosure prevention, predatory lending, collections enforcement and the purchase and sale of a home.

Shouldn't this be great since the primary purposes of the Home Mortgage Disclosure Act (HMDA) are to help authorities monitor discriminatory and predatory lending practices, as well as to ensure government resources are allocated properly to enforcement?

Opponents criticize the non-conforming sub-prime lending industry for predatory practices such as targeting borrowers who do not have the resources to meet the terms of their loans over the long term.