The industry rejoinder is caveat emptor let the buyer beware. In this view, it is the borrower’s responsibility to seek the best loan product and to understand the details of the contract. And yet, the fact that ‘predatory lending’ is an issue suggests that some authorities recognize the need for better consumer education and possibly government regulation. Certainly , the crisis created by the subprime market collapse shows the impact risky lending can have on the economy, some brakes may need to be put on high- risk lending practices.