This paper examines how relaxing a local anti-predatory lending law for mortgages affects foreclosures. The empirical …

Subprime mortgage lending has grown rapidly in recent years and with it, so have concerns about predatory lending. In … response to evidence of predatory lending, most states have enacted new laws or expanded existing laws to address abuses in the … context. The results of the analysis are consistent with the view that anti-predatory lending laws influence subprime lending …

We define predatory lending as a welfare-reducing provision of credit. Using a textbook model, we show that lenders …

Regulators express growing concern over “predatory lending,” which we take to mean lending that reduces the expected … circumstances in which it arises with and without competition. Predatory lending is associated with imperfect competition, highly … collateralized loans, and poorly informed borrowers. Under most circumstances competition among lenders eliminates predatory lending. …