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Predatory Lenders Still Seen Targeting Minorities BOSTON - Growing scrutiny into subprime mortgages has failed to stop unscrupulous lending practices to blacks, Hispanics and other minority groups, U.S. Rep. Barney Frank said on Monday. Frank, chairman of the Financial Services Committee, warned lenders that regulators would crack down on groups shuttling minorities into subprime loans designed for people with weak credit histories or low incomes.

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Predatory Lenders Still Seen Targeting Minorities

BOSTON - Growing scrutiny into subprime mortgages has failed to stop unscrupulous lending practices to blacks, Hispanics and other minority groups, U.S. Rep. Barney Frank said on Monday.

Frank, chairman of the Financial Services Committee, warned lenders that regulators would crack down on groups shuttling minorities into subprime loans designed for people with weak credit histories or low incomes.