MLchartDataset catalogue

Predatory lending

Term · Law · MLC-T-LAW-003834

Unscrupulous practices by lenders that impose unfair, deceptive, or abusive loan terms on borrowers. These practices often target vulnerable individuals, leading to excessive fees, high interest rates, and unaffordable repayment schedules. Laws such as the Truth in Lending Act aim to protect consumers from such practices.

Table 1. Record
IdentifierMLC-T-LAW-003834
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003834",
  "term": "Predatory lending",
  "field": "Law",
  "definition": "Unscrupulous practices by lenders that impose unfair, deceptive, or abusive loan terms on borrowers. These practices often target vulnerable individuals, leading to excessive fees, high interest rates, and unaffordable repayment schedules. Laws such as the Truth in Lending Act aim to protect consumers from such practices.",
  "url": "https://mlchart.com/terminology/law/predatory-lending/"
}

Record 3,859 of 5,439 in Law terminology (MLC-0107). Request the full dataset.