Sentences with phrase «federal usury law»

Time for a federal usury law, I think.

I know we touched on it on the first show we did but when you say the federal usury law, the rates set in the criminal code is 60 % so I can not give someone a loan and charge them a 70 % interest rate.

You can increase competition with anti-trust enforcement, and regulate natural monopolies and both (in the case of the newly merged Time Warner Cable), create greater transparency of prices, use government purchasing power, restore previous price controls (and please a federal usury law at no more than 15 %, to prevent debt bubbles of higher inflation).

Not exact matches

Jonathon Bishop: I would tell the federal government essentially to repeal the exemption that's sitting there right now in the criminal code for the usury law.

Jonathon Bishop, a Research and Parliamentary Affairs Analyst with the Public Interest Advocacy Centre, suggests that the federal government repeal the usury law back to what it was before 2007.

Several federal and state consumer protection laws protect consumers against predatory and usury loan tactics used by lenders.

State and federal consumer protection laws set legal limits regarding the amount of interest a lender can legally set without it being considered an illegal and excessive usury amount.

There is an apparent «gap» between usury laws embedded in federal Criminal Code legislation and existing consumer protection laws, both federal and provincial.

In April 2017 the Consumer Financial Protection Bureau filed an enforcement action asserting that Golden Valley and three other lenders were engaged in unfair debt collection practices because they violated state usury laws, and also failed to disclose the effective interest rates, violating the federal Truth in Lending law (enacted in 1969).

We also represent financial institutions in matters such as licensing, the establishment of new branches and regulatory and form compliance procedures, as well as provide opinions for California law issues such as usury, form compliance for federal and state consumer transactions, UCC and securitization matters.