Tag Archives: Usury Laws

Based on this, are usury laws are a good idea-Is this an appropriate role for the government?

Usury Laws Prompt:Usury laws limit the amount of interest that can be charged on a loan. The idea is to protect borrowers from excessively high interest rates. However, by limiting the amount of interest that can be charged, some lenders may be unwilling to lend to those borrowers with limited credit histories or bad credit. […]