tightened the usury laws, reducing the maximum permissible interest rate from 6 to 5 percent. A sample of individual loan … receipts makes this likely. Our results suggest that the usury laws distorted credit markets significantly. We find no evidence …

Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Systemic … usury exploits poverty by shifting usury into additional products and leveraging usury gains by stringing together … individual loan agreements. This paper reviews the economic rationale for usury legislation and on this basis evaluates the …

Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the … term usury conjures images of a greedy individual consciously acting to exploit the weak bargaining position of another by … contracts. This paper reviews the economic rationale for usury legislation and evaluates the European Consumer Credit Directive …

Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the … term usury conjures images of a greedy individual consciously acting to exploit the weak bargaining position of another by … contracts. This paper reviews the economic rationale for usury legislation and evaluates the European Consumer Credit Directive …

lenders who could make small loans at interest rates exceeding those allowed for banks under the normal usury laws. About two … ; small loans ; consumer credit ; usury laws …