Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Thomas J. Brock is a CFA and CPA with more than 20 years of ...

There is a common misconception in the modern world that the Catholic Church no longer considers usury a sin. Partly this is due to the modern definition of usury, which sees it as charging a high or ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

When you need to borrow money, the fine print on interest rates can be the difference between a helpful financial tool and a predatory debt trap. Legal protections called usury laws exist to prevent ...

It’s a question I get asked a lot: If California’s usury law says a personal loan can’t have an annual interest rate of more than 10%, how do payday lenders get away with interest rates topping 400%?

On March 23, 2021, Illinois Governor JB Pritzker signed into law Senate Bill 1792, enacting the Predatory Loan Prevention Act (PLPA) and capping interest at an “all-in” 36% APR (similar to the ...