What Is Fair Lending And Why Should You Worry About It?

Lenders are duty bound to provide borrowers with an honest, ethical and lawful policy towards how they service their customers with credit. There have been cases where lenders have shown themselves to be unscrupulous to the detriment of a borrower’s needs. Today’s article discusses the concept of fair lending and provides an introduction to the concept of predatory lending (providing a predatory lending definition in the process). It discusses the subject of borrower rights and, where contravened, related legal intervention (as with the case of predatory lending lawsuits).

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