District Court for the Southern District of New York ("District Court") against both Midland entities ("Midland"), alleging that they (1) violated the Fair Debt Collection Practices Act by engaging in abusive and unfair debt collection practices, and (2) were attempting to collect a rate of interest that was usurious
under New York law (59) (only the interest charged after Midland purchased the debt was argued to be usurious
Prohibition on agreeing to usurious
interest in any type of civil or commercial transaction under Article 409 of the Penal Law and Article 714 of the Civil Transactions Law is limited to transactions between individuals without extending to transactions between individuals and corporate entities which can agree with other corporate entities or individuals on conventional interest.
I guess the modern credit union new lending strictures now suggest some computer model to determine if they can make enough usurious
loans to cover the losses on the mistakes of the A member loans and forget helping a member in need.
Macedonian citizens repeatedly say that here in Macedonia the banks and leasing companies offer us usurious
(1) The Old Testament commands that "[t]hou shall not lend upon usury to thy brother" (2) or "take usurious
interest from him." (3) Early Judeo-Christian communities regarded the practice of charging interest an immoral sin.
Pasem's clients did not have a "usurious
loan" under Florida's legal definition of the term.
That Milton lived off money-lending--"a usurious
Citt, brought up in a usurer's household and himself a usurer" (72)--suggests the complexity of Milton's position, as seen from biography.
The hotel rates are downright usurious
, and that's just the start of it.
THE ARKANSAS SUPREME Court finally, finally realized what should have been obvious nine years ago: The Check Cashers Act of 1999, which tried to legitimize the usurious
practice of payday lending, was a blatant violation of the state constitution.
In the short term, it would have been disastrous, but in the long term the incompetents (or usurious
) would have been culled from the system and replaced with fiscally conservative leaders.
The subjects of his scathing criticism include (but are not limited to) juries, predispute mandatory arbitration, original intent as a method of constitutional interpretation, medical malpractice claims, charitable hospitals, bankruptcy law, credit cards with usurious
interest rates, and corporate governance.
As Christians, there is much we can do to put a stop to the lending industry's usurious
acts, which not only steal the widow's mite today but also rob from future generations.