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Racial Predatory Loans Fueled U.S. Housing Crisis: Study

Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review. Predatory lending typically refers to loans that carry unreasonable fees, interest rates and payment requirements. Amplify’d from www.reuters.com Predatory lending aimed at racially segregated minority neighborhoods […]

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