Predatory Lending Practices

Ms. Gambrell talked about predatory lending practices. She discussed how certain lenders, using misleading information, coercion,… read more

Ms. Gambrell talked about predatory lending practices. She discussed how certain lenders, using misleading information, coercion, or other tricks, prey on financially undereducated people by charging them excessively high interest rates and fees for mortgages, loans, and credit cards. In order to remedy the problem, Ms. Gambrell urged increased financial education and stressed that the FDIC did not allow its member banks to engage in predatory lending practices. She responded to audience telephone calls, faxes, and electronic mail. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Predatory Lending Practices

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Program ID:
177752-3
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Aug 9, 2003

Airing Details

  • Aug 09, 2003 | 8:02am EDT | C-SPAN 1
  • Aug 09, 2003 | 11:06am EDT | C-SPAN 1
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Predatory Lending Practices

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