Banking
Nov. 20, 2001
Predatory Lending Results in Homelessness, Harms Elderly
Predatory lending is a powerful, silent enemy of low-income homeowners. It results in homelessness and the loss of long-earned life savings. Because so many victims are elderly, the results of predatory lending schemes can be utterly devastating.
David A. Lash
Managing Counsel for Pro Bono and Public Services
O'Melveny & Myers LLP
The opinions expressed here are his own.
Predatory lending is a powerful, silent enemy of low-income homeowners. It results in homelessness and the loss of long-earned life savings. Because so many victims are elderly, the results of predatory lending schemes can be utterly devastating.
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