Phrases with «usury»

Usury refers to the practice of lending money and charging an exorbitant or unjustifiably high amount of interest on that loan. It is often considered unethical or exploitative because it takes advantage of borrowers by imposing excessive fees or interest rates, causing them financial hardship. Full definition

usury

Sentences with «usury»

Funders have resisted the term «lawsuit lending,» arguing that because they receive nothing if the plaintiff loses its case, the agreements can't be labeled «loans» and they can't be held to the standards of usury laws. (legalnewsline.com)
«The scheme primarily involved making loans to U.S. consumers in violation of state usury laws and then using unfair, deceptive, and abusive practices to collect on the loans and profit from the revenues,» the CFPB lawyers argued in the complaint filed in the Southern District of New York in 2015. (vox.com)
Annual Finance Rate — The maximum state usury rates are governed by the state of Arizona and depending on the negotiated rate the annual finance rate can be anywhere from 120 % to 204 %. (mytiorico.com)
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Phrases with «usury»

Sentences with «usury»

See also