PREDATORY LENDING: A SPECIAL ISSUE

Jessie Woodbridge wishes that she never would have caved in to the pressure to consolidate her debts into a new home loan. Full Story

The recent boom in the economy made possible a surge in home buying by those who have traditionally been shut out of the American dream. But the good times also opened the door to abusive lending practices. These have come to be known as "predatory lending" because they target the financially weak, particularly those in the minority and elderly communities. (Full text of the introduction) This special issue is filled with articles and other resources on this topic:

• Fed Governor Edward Gramlich addresses subprime lending and predatory lending.
• Commonly used definitions.
• Evansville, Ind., leads the charge against abusive mortgage practices.
• An elderly woman talks about the call she wishes she never made.
• A code of ethics for lenders.
• A checklist for consumers.
• Resources for more information.

This issue also includes our usual Calendar of upcoming events.

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