Hopefully a discussion will result concerning the

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Hopefully, a discussion will result concerning the similarities and differences among your topics. The questions (and student assignments) are listed below: RED: What is predatory lending? Please provide a working definition. What is the difference between predatory lending and subprime lending? What are examples of techniques used by predatory lenders? Who are the practitioners? Who are the victims? Can you find specific examples of predatory lending? Try to find newspaper articles, internet sources, or contact the Chamber of Commerce or Better Business Bureau, or interview individuals. Was the financial crisis caused by subprime lending, predatory lending, or ARMs? BLUE : What is peer-to-peer lending? Briefly describe the history and functions of such lending sites as Kiva and Prosper. What are other similar sites? Have they been successful in providing loans to low income people around the world? What are the advantages and disadvantages of such programs to lenders and borrowers? Approximately how much has been lent by these sites? What are the repayment rates? Will these types of institutions help to end global poverty? Why or why not? Go to www.kiva.org , and click on “My Portfolio”. The email is [email protected] , the password is econ350. How successful has the class been in making Kiva Loans? How many loans have been made so far? Click “Lend”, choose a recipient, and lend them $25 from our account. Whom did you choose, and why? YELLOW: What is the Credit Card Act of 2009? Who and what brought the bill about? What are its provisions? What are the likely effects on consumers and the credit card industry?
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