The phrase "abusive loans" is correct and usable in written English.
It can be used to describe loans that are predatory or exploitative, often targeting vulnerable borrowers with unfair terms.
Example: "Many consumers fell victim to abusive loans that charged exorbitant interest rates and hidden fees."
Alternatives: "predatory loans" or "exploitative loans".
The elimination of abusive loans that gouge the poor is a positive development.
Bank lobbyists say a regulator like Ms. Warren would overreact in protecting consumers from abusive loans, constraining needed credit.
"Abusive loans that strip borrowers' equity or cause them to lose their homes should not be tolerated," Mr. Kroszner said.
It would leave many aggrieved borrowers without adequate relief and would give the biggest players in the mortgage market insufficient incentive to avoid buying abusive loans.
News accounts noted that in 2000, Mr. Gramlich, alarmed about abusive loans, had urged Mr. Greenspan to send examiners to look into the lending practices of the bank holding companies the Fed oversees.
The creation of a new mortgage origination commission, for instance, was expected to result in higher nationwide standards to encourage mortgage brokers not to promote unsuitable or abusive loans.
D13 BUSINESS DAY C1-20 Acting on Loan Practices Citigroup announced changes at its Citifinancial consumer-lending unit that the company said would safeguard against abusive loan practices.
Before founding Public Good, Ted served for eight years as a Deputy Attorney General in the California Department of Justice, where he brought consumer cases against abusive loan companies, rental car outfits and telecom providers.
The Bear Stearns Companies and its mortgage servicing unit agreed to pay $28 million to settle federal charges it had deceived subprime borrowers and had engaged in abusive loan practices before the investment bank's collapse.
It persuaded the bill's backers to include a provision that would prevent borrowers from suing Wall Street firms in state court — where consumer protections are often stronger — for common abusive loan practices.
For example, if the servicer of an abusive loan was also the initial lender, the bill would take that company off the hook for any future predatory lending suits.
