Impact University: Predatory Lending
Miss a Payment? Good Luck Moving That Car >
Corkery, M. and Silver-Greenberg, J. (2014-09-24, The New York Times): Amidst the recent predatory lending trend in the used car business, almost 25% of new car loans made last year were to borrowers with poor credit. One increasingly popular method of enforcing car payments and punishing late payments is a technology that can remotely disable an automobile's starter, raising questions of safety hazards and privacy infringement.
Predatory Lending Practices Fact Sheet >
Impact Alabama (2014-10-02): Predatory lending is characterized by a variety of practices that often trap borrowers in a cycle of debt. This fact sheet identifies several practices that characterize payday and other predatory loans.
Center for Responsible Lending
Fact v. Fiction: The Truth about Payday Loans >
Center for Responsible Lending (2001-01-01): With huge profits at stake, the payday lending industry is fighting reform efforts by positioning itself as "consumer friendly," misrepresenting the facts, and circumventing state laws.
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