lending practices
How banks loan
Lending practices are the policies and procedures financial institutions use when extending credit.
The term often appears in discussions of fairness and discrimination: predatory lending practices, discriminatory lending practices that targeted minority neighborhoods.
Regulators scrutinize lending practices to ensure compliance with consumer protection laws.
- revolving creditReusable loan with limit
- collateralSecurity for debt
- credit scoreNumerical measure of borrower reliability
- credit checkExamination of payment history
- redliningRefusing loans by neighborhood
usury laws · business loan · mortgage · line of credit · subprime · underwriting · loan officer · payday loan · debt trap · discrimination · equal opportunity · debt-to-income ratio · payment plans · creditworthiness · personal loan · student loan · installment loan · secured loan
- bankingbank, banks, ATM, ATMs, account
- lendingloans, borrower, approval, lenders, bank loan
- personal financesavings, income, credit, investments, bills
- credit managerscredit risk, credit analysis, credit limits, credit policies