Could loan providers just stop lending to seniors on fixed incomes? Which could keep lenders ready to accept complaints of discrimination

Could loan providers just stop lending to seniors on fixed incomes? Which could keep lenders ready to accept complaints of discrimination

“What are we designed to do, inform people: ‘We can’t provide you with that loan he asked because you’re too old.

Uhlick’s workplace has not yet accused the lending that is payday, which it identifies as “fringe banking,” of breaking regulations, but she states it really is worried about being able to utilize “loopholes” that allow it to charge yearly portion prices 500 per cent and greater whenever state legislation caps them at 36 per cent.

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“We’re constantly focused on financing practices that effect susceptible citizens,” said Robert Zumoff, assistant state lawyer within the customer Protection and Advocacy area. Читать далее «Could loan providers just stop lending to seniors on fixed incomes? Which could keep lenders ready to accept complaints of discrimination»