What is Predatory Lending, and Will New York Accept Such as a Defense to Foreclosure?

“Predatory lending” is a rather general term in legal circles. It refers to a plethora of “unfair” and/or deceptive financial practices engaged in by members of the consumer finance industry, and it can apply from to practices engaged in by a national bank in Manhattan or the payday loan kiosk in Flushing.Read the full article