Hispanics victims of predatory lending - Seattle, Washington

“The Hispanic population’s size and rate of growth makes the group a particular target for predatory-loan scams, according to a Federal Trade Commission survey that found Latino consumers are more than twice as likely to be victims of fraud.

Hispanics make up nearly 9 percent of the state population, the largest and fastest-growing racial group in Washington. The commission’s 2004 survey found that Latinos are vulnerable, in part because of language barriers and cultural differences.”

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