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Legal experts tackle predatory lending

Loyola press release - October 13, 2008

The Loyola University New Orleans College of Law and the Journal of Public Interest Law will present a symposium, “Predatory Lending and Its Impact on the Consumer Credit Market,” on Friday, Oct. 17, from 1 to 5 p.m., in the College of Law, Room 405. Admission is free and open to the public, and attorneys may earn 3.0 hours of Continuing Legal Education credit for a cost of $25.

Professor Melissa B. Jacoby of the University of North Carolina at Chapel Hill School of Law, Professor Christopher Peterson, S.J., of Quinney College of Law, and Judge Elizabeth W. Magner of the United States Bankruptcy Court for the Eastern District of Louisiana, will discuss the lending practices of a variety of financial institutions, the legal rules and regulations governing these practices, and the consequences for consumers.

“This symposium will explore lending practices that have placed a burden on families across the country. I think our attendees will find the information and expertise that our speakers possess to be especially valuable during this time of global financial crisis,” said Trey Drury, Loyola University College of Law professor.

In addition to explaining predatory lending practices, speakers will pay particular attention to the effects of these practices on the poor, the working-poor and the middle class.

The forum will conclude with a roundtable discussion on the practical aspects of representing a consumer in a dispute with a financial institution in Louisiana. Panelists participating in the discussion include representatives from the Louisiana State Senate, the Consumer Protection Division of the State Attorney General’s office and attorneys who actively represent consumers in state and federal court.

For more information, contact Jessica Howard at jkhoward@loyno.edu or at (504) 861-5558.

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