Mr. Halperin said the fees were little more than a high-cost loan on purchases.

They portrayed their decision as an industrywide warning to the booming but loosely regulated market in high-cost loans.

Some mortgage lenders have said that these regulations have already reduced the number of high-cost loans.

The law requires certain disclosures and clamps restrictions on lenders of high-cost loans.

The contracts are used to leverage people into high-cost loans.

Turkey expects to make about $1.5 billion from the offering, using the proceeds to repay the high-cost military loans.

The regulations, drafted in recent months, would impose several new standards for high-cost loans.

"Almost no cases we've seen would even fall under their definition of high-cost loans."

Legal aid lawyers helped Barnes write and pass legislation this year regulating certain high-cost loans.

Asian-Americans, by contrast, were less likely on average than whites to take out high-cost loans.