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Buy custom There's No Place Like a Cardboard Box: Predatory Lending and the Community of St. Albans

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Topic: Social Issues
Number of pages / Number of words: 2 / 311
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During a February 2004 testimony on Capitol Hill, David G. Wood, Director of Financial Markets and Community Investments for the Committee on Senate Special Aging, defined predatory lending as:

?a range of practices, including charging excessive fees and interest rates, making loans without regard to borrowers' ability to repay, or refinancing loans repeatedly over a short period of time without any economic gain for the borrower...


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During a February 2004 testimony on Capitol Hill, David G. Wood, Director of Financial Markets and Community Investments for the Committee on Senate Special Aging, defined predatory lending as:

?a range of practices, including charging excessive fees and interest rates, making loans without regard to borrowers' ability to repay, or refinancing loans repeatedly over a short period of time without any economic gain for the borrower...


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