predatory lenders

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Google Bans 'Deceptive' Ads for All Payday Loans

Some lenders say it's unfair to punish entire industry for predatory 'bad actors'

(Newser) - In a move that earned Google a big "huzzah!" from Wired , the company took a big step Wednesday against predatory lending practices. Starting July 13, no more ads will appear on the site for what it calls "deceptive" payday loans, the AP reports—the first time it'... More »

FBI Plans Massive Sweep of Mortgage Fraudsters

Hundreds of arrests expected next week

(Newser) - FBI agents will fan out across the country next week and arrest hundreds of shady lenders who duped people into taking mortgages they couldn't afford, reports the Financial Times . The crackdown on mortgage fraud will go after companies that misled people about their loans and potential rescue programs, or that... More »

Borrowers Now Flocking to the Feds to Default on Loans

Same cause of subprime mess blamed for new threats to taxpayers

(Newser) - History is repeating itself, and taxpayers will be footing the bill for it: Flawed lending practices are enabling borrowers to receive mortgage loans they can’t repay—but this time, Washington’s involved, the Washington Post reports. Many of the loans provided by the Federal Housing Administration default after just... More »

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