--- title: "Meaning & Key Takeaway of: Groups that work in black neighborhoods…" description: "\"Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'\" — Bill Dedman" image: "https://sms4smile.com/quotes/i/219/bill-dedman-3519_around_groups-that-work-in-black-neighborhoods_1321014.jpg" --- # Groups that work in black neighborhoods around the country… ![“Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'” quote by Bill Dedman](https://sms4smile.com/quotes/i/219/bill-dedman-3519_around_groups-that-work-in-black-neighborhoods_1321014.jpg) [Download](https://sms4smile.com/quotes/i/219/bill-dedman-3519_around_groups-that-work-in-black-neighborhoods_1321014.jpg) [Open image](https://sms4smile.com/quotes/i/219/bill-dedman-3519_around_groups-that-work-in-black-neighborhoods_1321014.jpg) > “Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'” [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Predatory subprime loans target vulnerable communities, exploiting economic hardship. **In simple terms:** Lenders exploit poor neighborhoods with unfair loans. Key Takeaway Advocate fair lending practices. Themes finance ethics inequality housing Mood concerned urgent Type journalistic informative When to use this quote - home buying - community organizing - policy advocacy - financial education Key Concepts predatory lending subprime crisis consumer protection Questions to Reflect On - What safeguards protect borrowers? - How can communities resist predatory lenders? A Different Perspective Regulation alone may not stop exploitative behavior. ★ ★ ★ ★ ★ No ratings yet [Around](https://sms4smile.com/quotes/about/around/) [Black](https://sms4smile.com/quotes/about/black/) [Black Neighborhoods](https://sms4smile.com/quotes/about/black-neighborhoods-1248718/) [Contended Subprime](https://sms4smile.com/quotes/about/contended-subprime-4403310/) [Country](https://sms4smile.com/quotes/about/country/) [Groups](https://sms4smile.com/quotes/about/groups/) [Lending](https://sms4smile.com/quotes/about/lending/) [Lending Predatory](https://sms4smile.com/quotes/about/lending-predatory-4403309/) [Much](https://sms4smile.com/quotes/about/much/) [Neighborhoods](https://sms4smile.com/quotes/about/neighborhoods/) [Predatory](https://sms4smile.com/quotes/about/predatory/) [Predatory Lending](https://sms4smile.com/quotes/about/predatory-lending-1290776/) [Subprime Lending](https://sms4smile.com/quotes/about/subprime-lending-319806/) [Work](https://sms4smile.com/quotes/about/work/) ## Related quotes > [I was brought up in black neighborhoods in South Baltimore. And we really felt like we were very black. We acted black and we…](https://sms4smile.com/quotes/jerry-leiber/i-was-brought-up-in-black-neighborhoods-in-south-baltimore-and-we/) [Jerry Leiber](https://sms4smile.com/quotes/author/jerry-leiber/) > [Subprime lending is growing faster in black areas than in white areas.](https://sms4smile.com/quotes/bill-dedman/subprime-lending-is-growing-faster-in-black-areas-than-in-white-areas/) [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) > [What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down…](https://sms4smile.com/quotes/henry-paulson/what-began-as-a-subprime-lending-problem-has-spread-to-other-less/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.](https://sms4smile.com/quotes/bethany-mclean/home-ownership-was-the-fig-leaf-for-the-rise-in-subprime-lending-but/) [Bethany McLean](https://sms4smile.com/quotes/author/bethany-mclean/) > [I look at subprime lending and I see the American dream in action.](https://sms4smile.com/quotes/phil-gramm/i-look-at-subprime-lending-and-i-see-the-american-dream-in-action/) [Phil Gramm](https://sms4smile.com/quotes/author/phil-gramm/) > [“Hispanic and African American neighborhoods had been targeted by the subprime lending industry: renters were lured into buying bad mortgages, and homeowners were encouraged…](https://sms4smile.com/quotes/matthew-desmond/hispanic-and-african-american-neighborhoods-had-been-targeted-by-the/) [Matthew Desmond](https://sms4smile.com/quotes/author/matthew-desmond/) > [We also must pull from our highest ideals of justice and protect against those ills that destabilized our economy - like predatory lending, over-leveraged…](https://sms4smile.com/quotes/cory-booker/we-also-must-pull-from-our-highest-ideals-of-justice-and-protect/) [Cory Booker](https://sms4smile.com/quotes/author/cory-booker/) > [The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were…](https://sms4smile.com/quotes/nassim-nicholas-taleb/the-mortgage-crisis-is-a-clear-instance-of-consumers-who-needed/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [North Carolina's approach in crafting its law ensured the creation of the best possible law and, consequently, North Carolina is now the acknowledged leader…](https://sms4smile.com/quotes/mel-watt/north-carolina-s-approach-in-crafting-its-law-ensured-the-creation-of/) [Mel Watt](https://sms4smile.com/quotes/author/mel-watt/) > [Why don't we call on the credit card companies to be accountable? They need to be held accountable for their predatory lending practices.](https://sms4smile.com/quotes/paul-wellstone/why-don-t-we-call-on-the-credit-card-companies-to-be-accountable-they/) [Paul Wellstone](https://sms4smile.com/quotes/author/paul-wellstone/) > [When I was the Attorney General of California, running the second largest Department of Justice only to the United States Department of Justice, it…](https://sms4smile.com/quotes/kamala-harris/when-i-was-the-attorney-general-of-california-running-the-second/) [Kamala Harris](https://sms4smile.com/quotes/author/kamala-harris/) > [There are clear patterns of discrimination against Blacks and Latinos. The big banks targeted Blacks and Latinos with toxic packages of subprime predatory lending.](https://sms4smile.com/quotes/jesse-jackson/there-are-clear-patterns-of-discrimination-against-blacks-and-latinos/) [Jesse Jackson](https://sms4smile.com/quotes/author/jesse-jackson/) > [“The vicious housing cycle had already begun. Racist policies harmed Black neighborhoods, generating racist ideas that caused people not to want to live next…](https://sms4smile.com/quotes/ibram-x-kendi/the-vicious-housing-cycle-had-already-begun-racist-policies-harmed/) [Ibram X. Kendi](https://sms4smile.com/quotes/author/ibram-x-kendi/) > [I lived in a little working-class town that had no black neighborhoods at all - one high school. We all played together. Everybody was…](https://sms4smile.com/quotes/toni-morrison/i-lived-in-a-little-working-class-town-that-had-no-black/) [Toni Morrison](https://sms4smile.com/quotes/author/toni-morrison/) > [I grew up in predominantly black neighborhoods and went to predominantly black schools. And hip-hop is what I grew up listening to in my…](https://sms4smile.com/quotes/mark-wahlberg/i-grew-up-in-predominantly-black-neighborhoods-and-went-to/) [Mark Wahlberg](https://sms4smile.com/quotes/author/mark-wahlberg/) ## More by Bill Dedman > [NBC News found that FEMA has redrawn maps even for properties that have repeatedly filed claims for flood losses from previous storms. 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He was not trained as a pilot. If he was…](https://sms4smile.com/quotes/bill-dedman/mohammed-al-qahtani-was-not-alleged-to-be-a-leader-of-the-sept-11/) [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) > [If he is convicted, Dr. Kevorkian says he will die a martyr's death by going on a hunger strike.](https://sms4smile.com/quotes/bill-dedman/if-he-is-convicted-dr-kevorkian-says-he-will-die-a-martyr-s-death-by/) [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) > [In votes cast, Latinos have increased to five million in the 1996 Presidential election, up from two million in the 1976 election. 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