Senator Whitehouse just proposed usury laws in the senate

[Astrad]

and said he will be introducing legislation to make that happen in the near future. Cool.

[kestrel91316]

1. Usury is soundly condemned in the bible. I have always wondered why

the RW is so supportive of it........

[madinmaryland]

2. Very interesting thought. I've always wondered how bankers who tend

to be very conservative and "christian" can support charging people interest.

:shrug:

[The Blue Flower]

3. Usury is excessive interest

nt

[dchill]

4. Just a guess: They're not really Christians.

?

[kestrel91316]

6. ding ding ding ding ding ding! You win.

[unblock]

5. every state in the union has laws against excessive interest

but the amount that's considered usurious varies from state to state.
also, the laws don't apply to all forms of lending (e.g., payday loans)
and they can be sometimes be circumvented by charging additional "fees" instead of interest.

i like the idea of some national standardization.

[JNelson6563]

7. Excellent.

:toast:

[Winterblues]

8. Anything above ten percent should be a crime.

It was when I was young and could never understand why it was changed.