New Spanish-Language AFFIL Website to Help Counter Predatory Lending that Targets Hispanics
Americans for Fairness in Lending (AFFIL) announced today that it has launched a new Spanish-language website— http://www.affil.org/es—to help counter predatory lending practices that target Spanish speakers in America.
AFFIL’s interactive website serves as a resource for consumers to help them understand the traps of predatory lending and offering a range of online debt-relief tools. Research has found enormous racial and ethnic disparities in high-cost lending by banks, credit card companies, and auto financiers. Latinos who are in need of access to affordable credit are often at isk of being harmed by abusive lending products.