Predatory Lending and the Destruction of the African-American Dream

ISBN-13: 9781108811583 / Angielski / Miękka / 2020 / 220 str.

Janis Sarra; Cheryl Wade

Opis

This examination of the economic exploitation of African Americans focuses on predatory lending, the racial discrimination underpinning the subprime market collapse, and failed reform efforts aimed at redressing the harms. It will interest financial law scholars, critical race theorists, economists, and anyone concerned about the racial wealth gap in America.

Recenzje

'Sarra and Wade offer a detailed, scholarly study of this regrettable situation that will be illuminating for students and researchers alike. Recommended.' T. E. Sullivan, Choice

Spis treści

1. Introduction; 2. Foreclosure: at what cost and to whom?; 3. Predatory lending practices prior to the global financial crisis; 4. Predatory lending targeted African Americans; 5. The implications of the collapse of the mortgage-backed securities market for consumer borrowers; 6. A missed opportunity; 7. Financial crisis reforms woefully inadequate; 8. Incomplete justice: legal actions against predatory lenders; 9. A subprime loan by any other name is just as predatory; 10. 'Foregiveness', rather than forebearance or foreclosure; Appendix I.