and heavier enforcement to curtail so-called predatory lending, federal and state regulators said Tuesday.

Targeted practices include frequent refinancings at high rates, excessive fees, or ignoring a customer's ability to repay. For example, these practices would be barred under a North Carolina law that takes effect next summer and a proposed rule in New York.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.