News: Usury

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Lending business v. Plain old usury: Notes from the Colorado payday hearing
The Colorado Independent
... ended as a straight legislative bill, seeks to lift the exemption for the payday industry of the state's usury laws, which cap most loans at 36 percent. ...
First shots fired in Colorado payday loan warThe Colorado Independent

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Italy, US Make 26 Mafia Arrests
Wall Street Journal
Twenty people were arrested in Palermo for alleged drug-trafficking, extortion and usury, according to a statement by Italian police on Wednesday. ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Microfinance under the microscope
The Hindu
Calling, therefore, for discouraging vexatious state action, Srinivasan notes that the use of moneylenders' legislation and Usury Acts against MFIs do not ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Regulate Nonbank Financial Institutions, Say Consumer Groups
Huffington Post (blog)
Maximum interest rates and usury caps are set by each state. You can find low usury caps in Alabama at around 8% and high caps, like in NJ at 30%. ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Usury enablers
Daily Press
Five hundred years ago, Dante consigned usurers to the seventh circle of hell along with murderers. We don't know exactly what interest rate Dante had in ...

Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Will state bonding rules hold up Music City Center construction?
Bizjournals.com
... but further progress on the project could be delayed if the Tennessee General Assembly doesn't soon grant an exception to the state's usury law. ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Welcome to the United States of Iceland
Fortune
To call the rejected terms loan-sharking would be a disservice to usury. They called for every Icelandic family to essentially throw a quarter of its income ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

How a Retiree Wound Up With a 375% Loan
DailyFinance
"You assume the system will have usury laws and protect you from such things." White finally was directed by friends at his church to the Covenant Savings ...

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

Credit Card Reform: Here's How You're Getting Hosed
CBS News (blog)
That would be very helpful and would only take a couple of sentences... still wondering why credit card companies got the exemptions from the usury laws to ...
Full speed ahead on banking reformsSeattle Times
Gimme that ol'-time religionCape Cod Times

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Published on Wednesday 10th of March 2010 08:43:09 PM Read more...

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