Topic
Usury
137 published works
Legal Profession Blog
Usury List
The New York Appellate Division for the First Judicial Department accepted a joint motion to censure an attorneyOn April 24, 2023, in the Criminal Court of the City of New…
D.C. Law Blog
Court of Appeals Holds Interest Specified by Loan Agreement Was Usurious and Thus Forfeited
In Sloan v. Allen, 323 A.3d 439 (D.C. 2024), the D.C. Court of Appeals considered, inter alia, whether a loan agreement “contained an unlawful usurious interest rate.” Id. at 441.…
Consumer Finance Monitor
New York AG sues payday lenders MoneyLion and DailyPay
By John L. Culhane, Jr., Joseph J. Schuster
New York Attorney General Letitia James has sued payday lenders MoneyLion Inc. and DailyPay Inc. in New York state court, alleging that the two companies took advantage of tens of…
Consumer Finance and Fintech Blog
New York AG Sues Earned Wage Access Companies for Allegedly Unlawful Lending Practices
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On April 14, New York Attorney General Letitia James announced two separate lawsuits against earned wage access providers—one against a company that issues advances directly to consumers, and another targeting…
Consumer Financial Services Law Monitor
EWA Provider Sues New York Attorney General Over Threatened Enforcement Action
By Keith J. Barnett, Carlin McCrory
On April 7, DailyPay, LLC, an employer-integrated earned wage access (EWA) provider, filed a lawsuit against New York Attorney General Letitia James, seeking declaratory relief to prevent the enforcement of…
Commercial Case Notes
Court Should Have Allowed Discovery Before Granting Summary Judgment on Usury Claim
By John Lundin
On March 20, 2025, the First Department issued a decision in Puritan Partners LLC v. Breezer Holdings, LLC, 2025 NY Slip Op. 01723, holding that the motion court should have…
Indiana Commercial Foreclosure Law
Indiana Does Not Have Commercial Usury Laws
Apologies for the lack of content the past 30 days. Significant personal and business commitments have gotten in the way. I'm alive and well, however.Sometimes I'm asked whether Indiana has…
New York Commercial Division Practice
You’re Gonna Need a Bigger Boat: Criminal Usury Statutes Prevent Loan Sharks
By Ryan J. Pugh
Under CPLR 3213, a plaintiff can move for summary judgment in lieu of complaint which, under the right circumstances, serves as a useful tool to avoid extensive litigation and obtain…
Consumer Financial Services Law Monitor
Virginia’s SB 1252: Potential Impact on Banks and Fintechs
By Caleb Rosenberg, Chris Capurso, Taylor Gess
On January 8, Senate Bill No. 1252 (SB 1252) was introduced to the Virginia General Assembly, aiming to amend and reenact sections of the Code of Virginia related to the…
Regulatory Oversight
States Join Colorado in Defense of Interest Rate Opt-Out Law
By Troutman Pepper Locke State Attorneys General Team, Nick Gouverneur
On September 20, 13 states and Washington, D.C. joined Colorado in its appeal asking the Tenth Circuit to uphold a state law imposing more restrictive interest rate caps on loans…