Predatory Lending
/ˈprɛdətɔːri ˈlɛndɪŋ/
Definitions
- (n.) The practice of imposing unfair, deceptive, or abusive loan terms on borrowers, often exploiting their lack of understanding or financial vulnerability.
The regulator cracked down on predatory lending practices targeting low-income communities.
Forms
- predatory lendings
Related terms
See also
Commentary
Predatory lending is often identified by hidden fees, high interest rates, and aggressive sales tactics; clear legal definitions can vary by jurisdiction, so contracts should be reviewed carefully.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.