Sentences with phrase «prevent predatory lenders»
As this fact page from the National Council on Aging shows, reverse mortgages are regulated by the federal government in order to prevent predatory lenders from snaring senior citizens.
https://www.investopedia.com/ Not exact matches
The government is to do what law enforcement officials have moved to prevent Countrywide Financial and other predatory lenders from doing: squeezing exploding Adjustable Rate Mortgages and «negative equity» mortgages out of debtors, on terms that often were bait - and - switch to begin with.
The SMART Box tool is a great step in the right direction for the industry, but unless all alternative lenders adopt it, regulatory action may still be necessary to prevent predatory lending practices.