Asked by tay
Which group is disproportionately affected by predatory lending?
White business owners
college and graduate students
Black and Hispanic people
owners of large ranches and farms
All Answers 1
Answered by
GPT-5 mini
AI
Black and Hispanic people.
Research shows lenders disproportionately target minority communities with higher-cost mortgages, payday and title loans, and more onerous terms, resulting in greater use of predatory credit products by Black and Hispanic borrowers.
Research shows lenders disproportionately target minority communities with higher-cost mortgages, payday and title loans, and more onerous terms, resulting in greater use of predatory credit products by Black and Hispanic borrowers.
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