Pawnshops and high-fee check cashing services are examples of:
A) subprime loans
B) racially segregated services
C) predatory lenders
D) ethnic enclave economies

Question

Quizplus · Accepted Answer

Pawnshops and high-fee check cashing services often target individuals who are unable to access traditional banking services, and charge exorbitant fees and interest rates. This practice is commonly known as predatory lending, as it preys on vulnerable individuals who may not fully understand the terms of the loan or the true cost of using these services.

Pawnshops and High-Fee Check Cashing Services Are Examples Of