predatory lender
[/ˈpredətɔːri ˈlendər/]
nounpl: predatory lenders
credor predatório
1. A lender who uses unethical or illegal practices to trap borrowers into loans with unfavorable terms, high interest rates, and hidden fees
The predatory lender charged excessive interest rates to vulnerable borrowers with poor credit.
O credor predatório cobrava taxas de juros excessivas de mutuários vulneráveis com crédito ruim.
2. A financial institution that engages in deceptive lending practices designed to exploit borrowers' financial desperation
Predatory lenders often target low-income communities with subprime loans.
Os credores predatórios frequentemente direcionam comunidades de baixa renda com empréstimos subprime.
The term 'predatory lender' gained prominence in American discourse following the 2008 financial crisis, particularly regarding subprime mortgages. In Brazil, the concept relates to 'agiotas' (traditional loan sharks) but has expanded to include modern financial institutions with exploitative practices. Consumer protection agencies and financial regulators in both countries actively work against predatory lending through legislation and enforcement.
NYC Slang
loan shark / money lender
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