How Private Equity Amplifies the Abuse of Predatory Lending – CounterPunch.org

Predatory lending is an easily overlooked business that has damaged communities of color and poorer people for decades. It traps borrowers in never-ending cycles of debt with high-interest loans on coercive terms. But when Wall Street private equity gets in on the predatory lending industry, it amplifies the magnitude of financial exploitation.

Source: How Private Equity Amplifies the Abuse of Predatory Lending – CounterPunch.org

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