Topic
Usury
137 published works
Lending Law Report
Lending in Latin America: Risks and Considerations (Part 2 of 2)
This post was written by Lee Ann Dillon and Constantin Souris. In the second and last part of the series (click here for Part 1) we introduce additional considerations and risks associated with…
Texas Bankruptcy Blog
Are Your Payday Loans Enforceable Against You?
By Bryan Fears
There’s an old concept, known as “usury,” that remains alive and well in Texas law. Usury, the charging of exorbitant interest rates on a loan, is prohibited under state law.…
Texas Bankruptcy Blog
Avoid Legal Loan Sharks
By Bryan Fears
Between 1978 and 1980, federal legislation and a Supreme Court decision overrode most state laws that defined and prohibited usury. Banks were free from limits on the interest that could…
New York Attorney Malpractice Blog
Will the Other Guy Tell You About Usury?
Clients depend on attorneys to advise them on the law. Quick, what do you know about usury? Do you know enough competently to advise a client, or just enough to…
Law People
Pitfalls of Investing in the Law
By Ronda Muir
The interests of money and legal ethics have a way of conflicting with each other--as is evident in a number of current developments in the legal industry. The acceleration of the recent trend of…
California Litigation Blog
Interest Provisions Are Enforceable
By Jeff Huron
The California Supreme Court has definitively upheld contractual obligations for payment of interest charges on late payments. Southwest Concrete Products v. Gosh Construction Corp., 51 Cal.3d 701 (1990), involved a…
New York Attorney Malpractice Blog
Has Someone Discovered a Brand New Legal Malpractice Theory?
Last year brought estate v. estate attorney legal malpractice after the Schneider decision in the Court of Appeals. Today's NYLJ brings the story of a law suit against Jacoby & Meyers and Whitehaven…
ContractsProf Blog
Florida Appellate Court Invalidates Class Action Waiver in Payday Loan Agreement
Earlier this month, in McKenzie v. Betts, the District Court of Appeal of Florida (4th District) invalidated a class action waiver in a payday loan agreement on public policy grounds. …
New York Attorney Malpractice Blog
But, the other guy said…
Clients depend on attorneys to advise them on the law. Quick, what do you know about usury? Do you know enough competently to advise a client, or just enough to…
Corporate & Securities Law Blog
Joint Venture Exception to the Usury Laws
In Junkin v. Golden West Foreclosure Service, Inc. (Jan. 5, 2010) 180 Cal.App.4th 1150, the First District Court of Appeal affirmed the trial court's finding that because the transaction involved…