nathalie4169 nathalie4169
  • 17-06-2021
  • Business
contestada

The practice of intentionally targeting borrowers in poor or underserved areas with expensive high-cost loans is known as:

Respuesta :

andromache andromache
  • 22-06-2021

Answer:

Reverse redlining

Explanation:

Reverse redlining means the practice that target the neighborhood specially the non-white for the greater prices or lended the non-fair terms like lending used for predatory with respect to the subprime mortgage

So as per the given situation, it is the reverse redlining as it is targetted to the borrowers or the areas having high cost loans

So, the same should be considered

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