exploitative fee
[/ɪkˈsplɔɪtətɪv fiː/]
nounpl: exploitative fees
taxa exploratória
1. An unreasonably high or unjust charge imposed by a business, lender, or service provider that takes unfair advantage of a customer's vulnerability, lack of alternatives, or limited knowledge
The payday loan company was criticized for charging exploitative fees that trapped borrowers in cycles of debt.
A empresa de empréstimo de curto prazo foi criticada por cobrar taxas exploratórias que prendiam os tomadores de empréstimo em ciclos de dívida.
2. A charge that disproportionately burdens vulnerable populations and generates excessive profits for the service provider
Banks faced lawsuits over exploitative fees charged to low-income customers.
Os bancos enfrentaram processos judiciais por taxas exploratórias cobradas de clientes de baixa renda.
In Brazil, this term has become increasingly prevalent in discussions about consumer rights and financial regulation, especially regarding banking fees, credit card charges, and lending practices targeting lower-income populations. The concept gained particular attention during discussions of Código de Proteção do Consumidor (Consumer Protection Code) enforcement. In the USA, the term emerged prominently during and after the 2008 financial crisis and is commonly used in consumer advocacy, regulatory discussions, and litigation against financial institutions.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →