Topic
Usury
137 published works
The Massachusetts Real Estate Law Blog
Local Loan Shark Stopped In His Tracks
NEW CASE ALERT: Our Firm Files Lawsuit Against Local Predatory Lender, Charging 50% Interest and Attempting to Evict Local Family On Monday, a new client came into my office with…
A Lawyer's Blog
USURY DEFENSE NOT AVAILABLE TO CORPORATION
Is a corporation a person? Not when it comes to the defense of usury.Principis Capital LLC v FNI Healthcare, Inc., 2019 NY Slip Op 51202(U), Decided on July 18, 2019,…
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses New Type of Lawsuit Involving Securitized Debt
On June 12, 2019, in Cohen v. Capital One Funding,1 certain Capital One credit card holders filed a putative class action lawsuit in the U.S. District Court for the Eastern…
Credit Chronometer
Watch Out for Madden v. Midland Risks in Education Lending
Success stories of marketplace lending in consumer credit markets are plentiful. They provide models of success for lenders seeking to leverage technology to reach underserved markets, but along with the…
Southeast Financial Litigation Monitor
Georgia Supreme Court holds litigation advances are not “loans” under state usury laws.
Georgia regulates the small loan industry with usury laws like the Payday Lending Act and Industrial Loan Act. But, as the Georgia Supreme Court recently held, these Acts can reach…
Finance & Bankruptcy Law Blog
California Supreme Court Rules That Loans Not Subject To Usury Cap May Still Be Unconscionable
By Sherwin Root
The California Supreme Court ruled on Monday, August 18, that an interest rate on a consumer loan in California could be deemed illegally high even if the loan is not subject…
Consumer Finance Monitor
The principal issue in RD Legal Funding also merits attention
We have blogged twice (here and here) about the conclusion in RD Legal Funding that Title X of Dodd-Frank is unconstitutional because it provides that the sole director of the…
New York Commercial Division Practice
Default Judgment Entered on a Promissory Note Even Though Claim Likely Violated Criminal Usury Laws
So a plaintiff obtains a default judgment against a defendant on a promissory note case. Defendant fails to appear or defend. On a motion to enter the default pursuant to CPLR 3215, one…
Credit Chronometer
Usury: An Old Concept, Up to New Tricks in Subprime Auto
Usury has made quite a comeback from the dust heap of old law treatises to become a crucial concept that has shaped modern credit markets. It recently returned to public…
Credit Chronometer
Marketplace Lending: 60-Second Market Review and Insights
ABS Issuances, by the Numbers Nine ABS deals totaling $3 billion closed in Q2 2017, a 76% increase from Q2 2016. Q2 ABS issuances included approximately $2 billion in consumer…