Responsible Consumer Lending
نویسنده
چکیده
منابع مشابه
Consumer Lending Cross-Sell and Product Bundling
In today’s lending environment, cross-sell has become a way of life for most consumer lenders. Moving from a silo-product mentality to a consultative selling approach to help the customer with a variety of needs has resulted in a proliferation of cross-sell initiatives. While crosssell efforts appear widespread, many bankers and lenders are not effectively executing, which results in low cross-...
متن کاملWorking Paper No. 06-2 Predatory Lending in a Rational World
Regulators express growing concern over “predatory lending,” which we take to mean lending that reduces the expected utility of borrowers. We present a rational model of consumer credit in which such lending is possible, and we identify the circumstances in which it arises with and without competition. Predatory lending is associated with imperfect competition, highly collateralized loans, and ...
متن کاملPredatory Lending in a Rational World
Regulators express growing concern over “predatory lending,” which we take to mean lending that reduces the expected utility of borrowers. We present a rational model of consumer credit in which such lending is possible and we identify the circumstances in which it arises with and without competition. Predatory lending is associated with imperfect competition, highly collateralized loans and po...
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In the last decade, dozens of local governments have enacted zoning ordinances designed to limit the concentration of payday lenders and other alternative financial services providers (AFSPs), such as check-cashing businesses and auto title loan shops, in their communities. The main impetus for these ordinances is to shield economically vulnerable residents from the industry's lending practices...
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Few legal businesses can lay claim to a reputation as bad as payday lenders. This study builds on an emerging understanding of payday lending as a business and compares key metrics to traditional lenders. The payday lenders included in this study account for approximately 25% of the stores in the United States. The results seem to disprove the claim that payday loans are much riskier than more ...
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