Target Marketing of Subprime Loans: Racialized Consumer Fraud & Reverse Redlining
35 Pages Posted: 3 Feb 2010 Last revised: 8 Mar 2010
Date Written: February 1, 2010
This article, presented at Brooklyn Law School’s 2009 Sparer Public Interest Law Symposium on a panel entitled Stopping the Next Subprime Crisis, is part of a larger project of information and strategy-sharing among academics, policy analysts and attorneys involved in foreclosure and predatory lending prevention. The article marshals and analyzes evidence of discriminatory and deceptive marketing practices by subprime mortgage lenders and brokers. It also supports current proposals for policy reforms that could address the misuse of new marketing technologies in this context.
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