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Predatory Lending

Rent-a-bank schemes would undercut Maine’s borrower protections

Maine has a long tradition of consumer protection, drawing on a shared commitment to transparency and fairness for borrowers. Lawmakers recently extended Maine’s track record by shoring […]

Arthur Phillips

Posted April 10, 2023

Tags Consumer Protection, Economic Security, Predatory Lending, Racial Equity

Jobs and Income, Maine’s Economy

Predatory Lending — An Explainer

What is predatory lending? Lenders are considered predatory when they use practices that involve fraudulent, unfair, and abusive loan terms, including ultra-high interest rates and fees, aggressive […]

Karin Leuthy

Posted March 24, 2023

Tags Consumer Protection, Economic Security, Explainer, Inclusive Economy, Predatory Lending

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Rent-a-bank schemes would undercut Maine’s borrower protections

Predatory Lending — An Explainer