Predatory Lending and the Destruction of the African-American Dream

‘Devastating! Shows how unscrupulous lenders and lax government agencies sold African Americans on dangerous, subprime loans.’ Richard Delgado, University of Alabama, Tuscaloosa‘This meticulously researched and truly heartbreaking study documents the targeting of African American and Latinx homebuyers and contextualizes it in the history of racial injustice.’ Thomas W. Joo, University of California, Davis‘Sarra and Wade bring brilliant minds and passionate hearts to the complexities of the financial services industry, lucidly probing the historical, legal, economic, and human dimensions of predatory lending. Read this book so that you will never think about homeownership in the same way again.’ Kellye Testy, President & CEO of the Law School Admission Council‘Sarra and Wade successfully weave together strands of corporate theory, financial market theory, and critical race theory with poignant personal narratives to produce a powerful and insightful dissection of the racialized harms of predatory lending.’ Aaron A. Dhir, Osgoode Hall Law School, York University, Toronto‘Through intricate weaving of corporate law, bankruptcy, and banking regulation, together with critical race theory and affecting narrative, Sarra and Wade illuminate the harsh homeowner loan discrimination foisted upon African American citizens historically, up through the financial market crisis of 2008 that continues predatorily today.’ andré douglas pond cummings, University of Arkansas, Little Rock‘Through personal narratives and critical race analysis, this book challenges preconceived notions of the causes of the 2008 foreclosure crisis.’ Leonard M. Baynes, University of Houston‘Sarra and Wade offer a detailed, scholarly study of this regrettable situation that will be illuminating for students and researchers alike. Recommended.’ T. E. Sullivan, Choice

Janis Sarra is Professor of Law at the University of British Columbia, Peter A. Allard School of Law, and was the founding Director of the National Centre for Business Law. Over 100 superior and appellate court judgments have cited her books and publications in corporate, finance, securities and insolvency law. Dr Sarra is a member of the Canadian delegation to United Nations Commission on International Trade Law WG V.