Depending on where you live, you could get a small loan with an annual percentage rate of 36%, 300% or 600%. Why the staggering difference? Many factors contribute to the rate you receive on secured ...

The Court of Appeals recently clarified the application of state usury laws to corporations and to stock conversion options. In Adar Bays v. GeneSys ID, the U.S. Court of Appeals for the Second ...

New Jersey law prescribes limits on interest rates through its civil and criminal usury statutes. Under the civil statute, interest rates may not exceed 6 percent for oral contracts, or 16 percent for ...

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%?

“Usury law” can refer to the first interest rate laws made in the 19th century, when young states set rate limits around 6%, or it can refer to modern versions of those laws, like the 36% consumer ...