Question

if a bank offers loans at rates well above market averages to african american and latino home buyers, and does so with complex provisions that borrowers may not fully understand, the bank could be sued for

Answer 1

The bank could be sued for predatory lending.

The Dangers of Predatory Lending

African American and Latino home buyers may feel that they are being taken advantage of by the bank if they are offered loans at rates that are significantly higher than the market average. They may not fully understand the complex provisions of the loan, and feel that they are being misled or taken advantage of. If the bank is found to be engaging in predatory lending practices, they could be sued by the home buyers.

Learn more about Predatory Lending at: https://brainly.com/question/8282427

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