List of Predatory Lenders?


A predatory lending is a fraudulent, unfair and a deceptive type of lending during a loan process. In the United States there is no legal definition of a predatory lender. The FDIC defines predatory lending as imposing unfair and abusive loan terms onto borrowers. There are laws against these types of loans. Some other types of loans that are considered predatory many include payday loans, credit cards, and other forms of consumer debts. A list of predatory lenders include Bank of America, Wells Fargo, and JP Morgan Chase.
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