Far from doomsday, state usury relief really helps consumers

Stanley Jr., William J.
April 1983
ABA Banking Journal;Apr83, Vol. 75 Issue 4, p75
Discusses a special American Bankers Association survey, which shows that usury ceilings are artificial and anachronistic barriers to a competitive marketplace. Benefits derived by consumers where rates have been deregulated; Creditors' argument that restrictive state usury ceilings impede the free-market operation of the credit-granting system.


Related Articles

  • The Impact of Usury Ceilings on Consumer Credit. Villegas, Daniel J. // Southern Economic Journal;Jul89, Vol. 56 Issue 1, p126 

    The purpose of the study described in this paper is to test the two hypotheses concerning the impact of usury ceilings using household data and econometric methods which are designed to handle limited dependent variables. The data for this study comes from the 1983 Survey of Consumer Finances....

  • Consumer credit.  // Accountancy;Aug1988, Vol. 102 Issue 1140, p41 

    Reports on the need to protect British consumers who enter into credit agreements at extortionate rates of interest. Talks being initiated by Francis Maude, the minister responsible for consumer credit, between officials of the Department of Trade and Industry and the Lord Chancellor's...

  • Investigating the Nation's Exploding Credit Squeeze. Schechter, Danny // Nieman Reports;Spring2006, Vol. 60 Issue 1, p19 

    The article criticizes how the credit industry practices its business and deploys the deceptive art of seductive marketing and modern usury in the U.S. It examines the influence credit card companies have on media through their extensive advertising. It gives advice on what consumers can do to...

  • Nebraska fiasco: Buy now, pay never.  // Saturday Evening Post;2/29/1964, Vol. 237 Issue 8, p66 

    This article discusses the laws or doctrines governing time-sales differential across various states in the U.S. with reference to Nebraska. In Nebraska, as in most states, the charging of interest has been governed for decades by a formidable set of laws. A rate of more than nine percent simple...

  • LEGAL TECHNIQUES FOR COMBATING LOAN SHARKS. KELLY, CHARLES S. // Law & Contemporary Problems;Winter1941, Vol. 8 Issue 1, p88 

    The article focuses on legal techniques for combating loan sharks. The lending of small sums illegally to wage earners as a substantial business is of recent origin. Usury laws do not provide means to cope with this new problem. Borrowers of small sums do not posses the reserves of money...

  • THE NEW FEDERAL ATTACK ON THE LOAN SHARK PROBLEM. MALCOLM, WALTER D.; CURTIN JR., JOHN J. // Law & Contemporary Problems;Autumn1968, Vol. 33 Issue 4, p765 

    The article discusses U.S. government efforts to address the problem of loan sharks. It examines the development of loan-sharking, and the enactment of the U.S. Congress of making extortionate credit transactions a federal crime in 1968. It explores laws governing usury, and violence and...

  • A SURVEY OF THE GENERAL USURY LAWS. HORACK, BENJ. S. // Law & Contemporary Problems;Winter1941, Vol. 8 Issue 1, p36 

    The article focuses on the survey on general usury laws. Usury is defined as a loan or something circulating as money that can be repaid with an exaction in excess of interest allowed by law and made with unlawful intent. Forty-four U.S. states have general usury laws for the protection of the...

  • Biggest overhaul of credit laws for a generation. Johnson, Melanie // Credit Management;Oct2001, p8 

    Focuses on Great Britain's Consumer Minister Melanie Johnson's announcement of a shake-up of consumer credit laws. Crackdown on loan sharks; Magnification of small print; Goal of halting irresponsible lending; Review of Consumer Credit Act.

  • PROGRESS IN CONSUMER CREDIT IN KENTUCKY. LENIHAN, B. J. // Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p54 

    The article offers information on the progress of consumer credit in Kentucky. The state was one of the later industrial sites to have adopted a version of the Russell Sage foundation Uniform Small Loan Law. After two decades preceding adoption of Kentucky Small Loan Law, problems by loan shark...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics