Consumer Protection: Federal and State Agencies Face Challenges in Combating Predatory Lending
Description:
Testimony issued by the General Accounting Office with an abstract that begins "While there is no universally accepted definition, the term "predatory lending" is used to characterize a range of practices, including deception, fraud, or manipulation, that a mortgage broker or lender may use to make a loan with terms that are disadvantageous to the borrower. Concerns about predatory lending have increasingly garnered the attention and concern of policymakers, consumer advocates and participants …
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Date:
February 24, 2004
Creator:
United States. General Accounting Office.
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Partner:
UNT Libraries Government Documents Department