Tag: predatory lending hispanics

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    Predatory Lending Practices Continue to Weaken Blacks and Hispanics

    In the first report of its kind, the Center for Responsible Lending has examined consumer lending markets across-the-board and found that despite recent regulatory reforms predatory lending continues to undermine American households trying to rebuild their finances after the recession. The State of Lending in America and its Impact on U.S. Households (State of Lending, http://rspnsb.li/stateoflending) paints a picture of working families struggling to manage debt while coping with stagnant incomes and a substantial decrease in wealth. In fact, the housing crisis has produced the largest documented wealth gap ever between White households and families of color.