Predatory lending
From The Art and Popular Culture Encyclopedia
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Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers", though "unfair" and "abusive" were not specifically defined.
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See also
- Alternative financial services
- Bank fraud
- Debt bondage
- Debt-trap diplomacy
- Loan shark
- Mortgage fraud
- Overdraft protection loans
- Poverty industry
- Refund anticipation loan
- Securitization
- Settlement (finance)
- Title loan
- Usury
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