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 ...

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 ...

Predatory lenders look for people desperate to borrow funds, then take advantage by charging ridiculously high interest rates. However, there are laws that limit what a lender can charge. These are ...

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 ...

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%?

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 ...