usurious lending
[/juːˈʒʊriəs ˈlɛndɪŋ/]
noun
empréstimo usurário
1. the practice of lending money at illegally or immorally high interest rates
Usurious lending practices prey on vulnerable populations who have limited access to traditional banking.
As práticas de empréstimo usurário exploram populações vulneráveis que têm acesso limitado ao sistema bancário tradicional.
2. a loan transaction characterized by excessively high interest rates that exceed legal limits
The borrower realized too late that he had fallen victim to usurious lending.
O mutuário percebeu tarde demais que havia se tornado vítima de um empréstimo usurário.
Usurious lending is a significant social issue in both Brazil and the USA, particularly affecting low-income communities. In Brazil, informal lending networks and illegal loan sharks (agiotas) remain problematic despite regulatory efforts. The practice is criminalized in both countries, but enforcement varies. In the USA, predatory lending became a major concern during the subprime mortgage crisis of 2008. Both cultures recognize this as financial exploitation and there is growing consumer protection legislation to combat it.
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