Sentence examples for in predatory loans from inspiring English sources

Was he a mortgage broker who trafficked in predatory loans?

A justice of State Supreme Court in Manhattan yesterday invalidated a law passed by the City Council last year that would have prohibited the city from doing business with banks or other institutions that issue, purchase or invest in predatory loans, like high-cost home loans and loans made to people who have no ability to repay them.

Many cities, particularly those where minority residents were steered into predatory loans, face a situation similar to that in Richmond, which is largely black and Hispanic.

Banks generally could adopt common practices that would allow customers to close their accounts at any time and deny lenders access to automatic payments in states where predatory loans are illegal.

"Bank of America came to the homes of everyday Americans when you spread predatory loans in neighborhoods across, the country, when you financed payday-lending storefronts, when your reckless behavior sent the economy to the brink of disaster, and when your bank-owned properties littered neighborhoods from coast to coast," said a letter the group asked Baer to deliver to CEO Brian Moynihan.

"We've been caught in a predatory loan".

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In private, Mr. Miller talks forcefully about the predatory loans he has seen in this neighborhood.

There are analogies here in America, beginning with the predatory loans made by Goldman, other big banks, and the financial companies they were allied with in the years leading up to the bust.

The empty homes and undeveloped lots, he said, are part of the unacknowledged effects of the larger credit and foreclosure crisis in minority neighborhoods, where subprime and predatory loans were common.

Research also indicates that African-Americans and Latinos, who have experienced higher rates of unemployment and have in some cases been targeted for predatory loans, are disproportionately likely to be shut out of jobs because of poor credit.