Many Lenders Are Not Banks, Not Carefully Monitored. Binyamin Appelbaum.
by Appelbaum, Binyamin; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 40Human Relations. Publisher: Charlotte Observer, 2005ISSN: 1522-3248;.Subject(s): Discrimination in mortgage loans | Interest rates | Loan servicing -- Corrupt practices | Loan servicing -- Costs | Mortgage banks | North Carolina -- Legislature | Predatory lendingDDC classification: 050 Summary: "Critics say the disparities found in the study show federal law increasingly fails to motivate market-rate lenders to make more loans in minority neighborhoods. They are also concerned the new high-rate industry, which serves minority neighborhoods disproportionately, is not watched as carefully by federal regulators." (CHARLOTTE OBSERVER) The author relates how advocates want more federal regulation for high-rate lenders in order to protect the minority customers they often serve.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2006 Human Relations Article 40 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Many Lenders Are Not Banks, Not Carefully Monitored, Aug. 29, 2005; pp. n.p..
"Critics say the disparities found in the study show federal law increasingly fails to motivate market-rate lenders to make more loans in minority neighborhoods. They are also concerned the new high-rate industry, which serves minority neighborhoods disproportionately, is not watched as carefully by federal regulators." (CHARLOTTE OBSERVER) The author relates how advocates want more federal regulation for high-rate lenders in order to protect the minority customers they often serve.
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