did sarbanes oxley make predatory lending illegal
Though there are laws against many of the specific practices commonly identified as predatory, various federal agencies use the phrase as a catch-all term for many specific illegal activities in the loan industry.here are many lending practices which have been called abusive and labeled with the term predatory lending.. There is a great deal of dispute between lenders and consumer groups as to what exactly constitutes unfair or predatory practices, but the following are sometimes cited.