Washington Journal
Predatory Lending Practices
2003-08-09T08:02:31-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMmNmXC8yMDAzMDgwOTA4MDcwODAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Donna Gambrell of the FDIC 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.
Donna Gambrell of the FDIC talked about predatory lending practices. She discussed how certain lenders, using misleading information, coerci…
read more
Donna Gambrell of the FDIC 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
Donna Gambrell of the FDIC talked about predatory lending practices. She discussed how certain lenders, using misleading information, coerci… read more
Donna Gambrell of the FDIC 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
Related Video
-
Mortgage Lending Practices
Mr. Falk talked about predatory lending practices, consumer issues, and hearings on the subject the prior day. He also r…
-
Predatory Mortgage Lending
Mr. Brown discussed his new report “Unfair Lending: The Effect of Race and Ethnicity on Subprime Mortgages.” The report…
-
Mortgage Lending
Damian Paletta talked about rules passed by the Federal Reserve Board that targeted numerous types of lending practices.…
-
White House Daily Briefing
Among the topics Press Secretary Robert Gibbs addressed in his remarks to reporters were the economic stimulus package a…