Predatory Lending Practices

Predatory lending practices is a voting issue centered around unethical lending practices that exploit vulnerable individuals and communities. It involves offering loans with deceptive terms and exorbitant interest rates, often targeting borrowers who lack financial literacy or have limited access to traditional financial institutions. This voting issue aims to address systemic inequalities in the financial industry, protect consumers from exploitative practices, and ensure that access to credit is provided in a fair and transparent manner. It highlights the role of government intervention in safeguarding vulnerable individuals and preventing the occurrence of financial crises fueled by unethical lending practices.