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A study by the Center for Responsible Lending proves that laws against predatory lending thwart abusive lenders while in many cases increasing availability of credit for people who need it most. Community groups joined with government officials Thursday in launching a comprehensive program to help residents who face the loss of their homes because of predatory lending practices. According to the ACORN study Separate and Unequal 2004: Predatory Lending in America minority and low-income borrowers are more likely to be the target of subprime loans. |
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