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Predatory Lending Lawsuit Filed Against Charlotte Used Car Dealer

Used Car Dealer in Charlotte, NC Faces Federal Predatory Lending Lawsuit The owner of two used car dealerships in Charlotte, NC faces a predatory lending lawsuit for his discriminatory lending practices between 2006 and 2011. According to the filing, the business’s owner Zuhdi A. Saadeh allegedly targeted black customers through “reverse … [Read more...]

Miami Sues Three Banks for Predatory Lending Practices

Miami Sues Three Major Banks for Alleged Predatory Lending and Mortgage Fraud Practices The City of Miami has issued a lawsuit against three major banks for alleged predatory lending practices and mortgage fraud in poor areas of the city. The lawsuit has been filed against Bank of America, CitiGroup, and Wells Fargo. Court papers were filed at … [Read more...]

Predatory Lending Moves Online to Circumvent Laws

New Study Shows Predatory Lending and Pay Day Loans Cause Serious Debt, Has Little Regulation The Center for Responsible Lending released a study recently on predatory lending and pay day loans, and found that the fees alone cost American families $3.4 million per year. Despite state efforts, predatory loan companies remain one step ahead of the … [Read more...]

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