Political Quotes

Jack Reed: “Predatory lending is fundamentally, structurally different than responsible lending. High-cost lending turns incentives…”

On the recordApril 27, 2021
Predatory lending is fundamentally, structurally different than responsible lending. High-cost lending turns incentives on their head, so that lenders succeed when borrowers fail.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Senator Reed highlights the detrimental nature of predatory lending practices.

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