Sentences with phrase «predatory practices by»

Not exact matches

Creamfinance works in the short term loan industry, one that has been plagued by predatory companies and outdated business practices.

Center for Responsible Lending is a non-partisan organization that works to protect homeownership and family wealth by fighting predatory lending practices.

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.

Given the diversity we see of the institution of marriage throughout human history, there just may be no specific Divine plan for human sexuality and marriage, as long as it's practice is guided by the Law of Love rather than predatory survivalist instincts.

He ran free or low - fare bases on local routes to push other firms out the market — a practice deemed «predatory, deplorable and against the public interest» by the Monopolies Commission.

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 consumers.

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 YPredatory Subprime Auto Lending in 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.

«Millions of Americans are being forced into payday lending schemes that only exacerbate their money problems, and Congress has the ability to wipe out these predatory practices right now by creating a Postal Bank that would be accessible to everyone, everywhere,» Gillibrand said.

I do not want a fourth generation of my people to suffer from the physical, psychological and cultural devastation caused by predatory energy practices.

A decade ago, the reckless practices of predatory mortgage lenders, encouraged by a federal government eager to expand home ownership, led to the collapse of the housing market.

They cleaned up the predatory practices, the massive overcharging, and the questionable marketing, and turned it into Createspace — a legitimate POD company used by LOTS of self - publishers.

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.

Amazon practices predatory pricing by operating its business at break even.

Though fee harvesting card practices have been limited by the CARD Act, there are still workarounds that predatory lenders employ.

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.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» proclaimed FHA Commissioner David Stevens.

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.

Ensuring that borrowers are not victimized by «junk fees» and excessive charges: The CRL asserts that the recent foreclosure crisis was caused by ``... reckless and predatory lending practices and toxic financial products [and] not by any policy goal aimed at increasing home ownership.»

It is a common practice among predatory mortgage lenders to deceive customers by offering low monthly payments and concealing additional costs, rates, and fees on the small print of the loan contract.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» said FHA Commissioner David Stevens.

While all lenders depend on some form of risk - based pricing — tying interest rates to credit history — predatory lenders abuse the practice by charging very high interest rates to high - risk borrowers who are most likely to default.

Using the 2nd Friday of the month is a predatory practice and an attempt by Nelnet to collect interest payments on the previous month's higher balance.

Millions of Americans confront credit and employment issues today because their bureau files contain the tragic residue of the Great Recession: delinquencies, short sales and bankruptcies that were caused by deceptive or predatory lending or loan - servicing practices.

Unfortunately, the lower scores of African Americans and Latinos are not a surprise, both because of the legacy of discrimination and because these groups have been disproportionately affected by predatory credit practices such as the marketing of subprime mortgages, overpriced auto loans as well as higher foreclosure rates, all of which damage their credit history.

For one thing, these groups are already disproportionately affected by predatory credit practices, such as the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reports.

«If the Administration were serious about helping harmed students and protecting students from predatory practices, it would be implementing the borrower defense and gainful employment regulations without delay and acting on the tens of thousands of pending loan discharge applications, not dismantling current protections and committing to follow through only on the 16,000 applications approved by the Obama Administration.

The credit card reform legislation was passed in order to protect consumers against predatory and unfair practices by credit card lenders.

«Yet by lifting the sanctions prematurely, the Council not only risks opening up the Liberian timber industry to possibly predatory logging practices before sufficient safeguards are in place but also undermines the sanctions regime as a whole.»

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.»)

The «protectionist instincts» that I and others have are (1) to protect the independence of the bar (sure to be lost eventually under nonlawyer ownership), (2) to protect the health of the legal marketplace (sure to be badly harmed by the cartelization of ABS (see the 5 % commissions charged by the cartel of real estate agencies who still control the vast majority of the realty market, and especially see the ridiculously high costs of dealing with the American title insurance industry where four companies have upwards of 87 % of the conveyancing and title insurance market after first decimating the real estate bar with predatory pricing and other unfair business practices)-RRB-, and (3) to protect the public from those ravages.

Yes, worse than hugely increasing the number of small firm solicitors would be to allow the decimation of them by the proven and consistent predatory practices of a handful of giant corporations who, having gotten rid of the multi-thousands of lawyer competitors, would then have the public at their rapacious mercy.

The plaintiffs in the case are African - American residents of Detroit, Mich., who have been harmed by Morgan Stanley's practice of purchasing and financing predatory home mortgage loans to be included in mortgage - backed securities.

In recent years, many veterans have fallen victim to predatory lending practices perpetrated by some lenders involved in the Department of Veterans Affairs home - mortgage program.