predatory lending
- An unethical borrowing system where lenders take unfair advantage of borrowers, often especially vulnerable people, by providing high-cost loans they cannot afford based on the borrowers' assets, not their repayment ability
- Predatory lending targeted towards the elderly can lead to significant financial distress.
- The new regulations aim to protect consumers from predatory lending.
- Many homeowners faced foreclosure as a result of predatory lending practices.
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