Price Gouging


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Price Gouging

Charging unwary borrowers interest rates and/or fees that are excessive relative to what the same borrowers could have found had they shopped the market.

See Predatory Lending/Predatory Practices.

References in periodicals archive ?
They Clapped: Can Price Gouging Laws Prohibit Scarcity?
This study will extend prior research in attempting to ascertain if oil companies do indeed show indications of price gouging the consumers.
SALEM - Attorney General Hardy Myers said this week that his crackdown on possible gasoline price gouging around the state since April has yielded just one case that was referred to investigators, suggesting it is a rare practice in Oregon.
Since the recent increase in catastrophic hurricanes striking Florida, the Florida Attorney General's Office, (1) which enforces Florida's price gouging law, has investigated thousands of businesses and individuals for suspected violations.
Some examples--Delaware lawmakers are looking at a measure that makes price gouging during and within 30 days after a state of emergency illegal.
The Northeast Dairy Compact has resulted in sharply higher prices for consumers, according to a report by the University of Connecticut's Food Marketing Policy Center, which accused processors and supermarkets of price gouging.
David Collenette, the Canadian Transport Minister, has introduced a new bill into parliament that is designed to prevent Air Canada from engaging in price gouging.
They charged Morgan and the empire over which he ruled with political corruption, violation of antitrust proscriptions, price gouging, and other abuses of economic power to advance narrow Wall Street aims at the expense of the broader public interest.
This type of price gouging happens all the time in the automotive industry," said Michelle Krebs, Senior Analyst at Edmunds.
The insurance companies may have the money, but we have the truth: More must be done to rein in price gouging insurance companies and a medical-insurance complex unaccountable to injured patients, including those who suffer at the hands of impaired doctors.
Deputy Dooley said: "This price gouging is shortsighted and damaging to Ireland's reputation as a welcoming place for leisure and business travellers.
As the state ratcheted up its oversight at gasoline stations to prevent possible price gouging, local inspectors said they haven't fielded any complaints, although the increase in gas prices is being questioned.