Unfair and Deceptive Acts and Practices: 6.4.3 Discriminatory Extension of Credit
It is a violation of federal and state law to discriminate on a prohibited basis in the granting of credit.142 For example, it is illegal to charge higher interest rates to African Americans or Latino Americans than other consumers.143 It may also be illegal discrimination to target protected groups for unfair or deceptive credit practices.144 That is, it may be illegal for a creditor to target minorities as the prime victims of its abusive practic