Price Gouging


Also found in: Dictionary, Thesaurus, Wikipedia.

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 ?
Price gouging refers to raising the prices on goods or services to a level perceived as unfair or, in some instances, taking advantage of consumers during a declared period of emergency.
The shortage of prescription drugs drives up costs, leaves consumers vulnerable to price gouging, and threatens our health and safety," Obama says.
The price gouging laws of Tennessee and North Carolina, and those of the 30 or so other states with similar laws on the books, are something of a puzzle for economists.
Too many Ohioans still struggle to afford the medicine they need, and often, the culprit is price gouging by big pharmaceutical corporations.
Consumers may also report suspected price gouging online by filing a consumer complaint on the Attorney General's website: www.
in the morning and charge 500 times the going rate, that there are some of us that might look at that as very real and very profound price gouging.
Social media users decried the apparent price gouging for vital supplies like water - though it was far from the first time prices were raised in the aftermath of the disaster.
According to an analysis by Harvard researchers, the Stop Price Gouging Act would result in billions of dollars in savings for taxpayers.
Collusion to fix prices by agreements to have significant product shortages, enabling the oil companies to be carpetbagging, combining to raise prices and price gouging, is stealing, .
He called on citizens to report what they perceived to be price gouging to his office.
As we've said, price gouging legislation is a solution in search of a problem and totally contradicts the advice given by the Federal Trade Commission," Drevna said.
Governor Hogan allowed House Bill 631 Public Health Essential Off-Patent or Generic Drugs Price Gouging to become law without his signature.