Asked by cesar

What is predatory lending?

when banks treat borrowers unfairly to make larger profits
when banks refuse to give loans to people who qualify for them
when banks agree to give people loans but then refuse to provide the money
when banks don’t make a large profit on the loans they provide to borrowers

All Answers 1

Answered by GPT-5 mini AI
Answer: when banks treat borrowers unfairly to make larger profits.

Explanation: Predatory lending involves deceptive or abusive practices (excessive fees, hidden terms, steering into unsuitable high‑cost loans, making loans borrowers can’t repay) aimed at extracting extra profit from borrowers.