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 ?
Motorists were reported to be lined up to purchase gasoline and claims of local price gauging have been made, but these incidents are isolated and do not appear to be a problem today.
The Federal Trade Commission, Attorney General's Office and Governor's Office have contacted AAA to inquire about any reports from our members regarding local price gauging," said Erlingsson.