Topic
Usury
137 published works
Financial Institutions 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…
CAFA Law Blog
The Most Boring CAFA Law Blog Post You Will Ever Read
Magee and Johnson v. Advance America Servicing of Arkansas, Inc., d/b/a Advance America Cash Advance; and Advance America, Cash Advance Centers, Inc., No. 08-06105 (W.D. Ak. 04/01/09). We, at the…
New York Attorney Malpractice Blog
Will This be the Future of Legal Malpractice?
Right now the legal press centers around attorney lay-offs and the general economic situation. In this case homeowners were completely unable to either pay the mortgage or obtain new financing. …
ContractsProf Blog
Evangelicals and Payday Loans
Traditional American usury law has always been heavily influenced by a Biblical tradition that has disfavored lending money at interest. The prohibition of lending money at interest has been condemned…
The Right Coast
Usury or mistake? Tom Smith
An interesting sounding study is linked to here, via Todd Zywicki and Volokh, regarding usurious loans. From the WSJ:But even consumers making flawed decisions may be better off whenthey can…
ContractsProf Blog
Usury By Any Other Name Would Smell as Sweet
One of the more interesting philosophical questions in commercial law is why there are so few restrictions on allowing people to buy things, while there are so many apparent restrictions…
ContractsProf Blog
If it Walks Like a Loan, and Talks Like a Loan, it is Not an Instant Cash Rebate
An appellate court in North Carolina recently held that an "internet service" company’s contracts violated usury laws. The company’s contracts offered customers an instant "cash rebate" and the opportunity to…