Thursday , 21 January 2021

predatory lending

California Moving Forward With State-Level CFPB

California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.”  California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are up 40 percent.   A number of those complaints, she said, are directed at mortgage companies, as well as personal lenders, … The post California Moving …

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Predatory Lending and the Role of the Appraiser

Over a decade after the 2008 financial crisis, the prevalence of predatory lenders continues to plague the U.S. marketplace. Generally speaking, appraisers are not predatory. They do not create predatory lending and fraud schemes. And in the vast majority of cases, they do not share in the profits of those who do. However, appraisers do play a role in predatory …

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