Skip to main content Accessibility help
  • Cited by 1
  • Janis Sarra, University of British Columbia, Vancouver, Peter A. Allard School of Law, Cheryl L. Wade, St. John's University School of Law
  • 20.99 (GBP)
    Digital access for individuals
    (PDF download and/or read online)
    Add to cart
    Added to cart
    Digital access for individuals
    (PDF download and/or read online)
    View cart
  • Export citation
  • Buy a print copy
  • Recommend to librarian

Book description

Since the Great Recession of 2008, the racial wealth gap between black and white Americans has continued to widen. In Predatory Lending and the Destruction of the African-American Dream, Janis Sarra and Cheryl Wade detail the reasons for this failure by analyzing the economic exploitation of African Americans, with a focus on predatory practices in the home mortgage context. They also examine the failure of reform and litigation efforts ostensibly aimed at addressing this form of racial discrimination. This research, augmented by first-hand narratives, provides invaluable insight into the racial wealth gap by vividly illustrating the predation that targets African-American consumers and examining the intentionally obfuscating settlement terms of cases brought by the U.S. Department of Justice, states attorneys, and municipalities. The authors conclude by offering structural, systemic changes to address predatory practices. This important work should be read by anyone seeking to understand racial inequality in the United States.


'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 Source: Choice

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.



Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.