Federal Agency Cracks Down on a Predatory Lending Practice That Often Hurts Somali Muslims

The Consumer Financial Protection Bureau is pledging to scrutinize contract for deed lending, a form of alternative or seller financing in which a private seller or investor group comes to a loan agreement with a buyer without many of the typical banking and mortgage regulations and protections

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Aug 30, 2024 - 14:42
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The Consumer Financial Protection Bureau is pledging to scrutinize contract for deed lending, a form of alternative or seller financing in which a private seller or investor group comes to a loan agreement with a buyer without many of the typical banking and mortgage regulations and protections
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