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Borrowing Difficulty. Predatory financing methods, which increased using the collapse regarding the subprime mortgage market, disproprortionately target indigenous American communities as well as other susceptible populations.

Predatory Lending in Native American Communities

By First Nations Development Institute

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In This Report, You’ll Understand

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Overview

Predatory financing methods, which increased with all the collapse regarding the subprime mortgage market, disproprortionately target indigenous American communities as well as other populations that are vulnerable. This report provides a summary for the predatory lending techniques which have possessed a harmful effect on indigenous people and features the efforts of five indigenous countries to fight this growing issue.

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Key Takeaway

Fighting predatory practices with training and empowerment

Native People in america have traditionally been a prime target of unscrupulous predatory lenders who vow fast, comfortable access to money in trade for interest and charges that continue borrowers in a spiral of financial obligation. Weiterlesen