Combating Predatory Lending in California
Niall P. McCarthy(1)
A. INTRODUCTION
Predatory lending has become an insidious financial problem in recent years for thousands of Californians. In any real estate loan, the loan terms and consequences must be adequately disclosed and, more importantly, financially feasible for the borrower. Through "flipping" and "packing," predatory lenders avoid these two requirements, reaping massive benefits while causing financial ruination for the consumer.
Fortunately for consumers, the California Legislature has recognized the growing pr...

RSS Feed
