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Predatory Lenders: Avoiding Scams and Unethical Lending Practices

Date: Aug 24, 2020
Author(s): Ryan Aguilar
Topic(s): Economic Development: Economic Conditions
Type: Report

This informational document allows for greater knowledge of predatory lenders through identifying them and understanding their marketing techniques while additionally gaining advice on securing lending relationships from Community Development Financial Institutions.

This series on Predatory Lending was undertaken by Ryan Aguilar and Milena Saakyan for Westminster Economic Development Initiative (WEDI) while completing Cornell High Road Fellowships in Summer 2020. This collection aims to expose the deceptive practices of predatory lenders which disproportionately impacts people of low income and minority status as well as highlight the counter measures that Community Development Financial Institutions (CDFIs) take to ensure equitable lending.


Resources include:

Repudiated: “Unbankable” Business Owners

Predatory Lenders: Avoiding Scams and Unethical Lending Practices

CDFI Ecosystems and Alternate Forms of Lending

Analysis of Predatory Lending in New York: From Origins to Interviews

Community Development Financial Institutions vs. Predatory Lending in Buffalo, NY