Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

New Jersey law prescribes limits on interest rates through its civil and criminal usury statutes. Under the civil statute, interest rates may not exceed 6 percent for oral contracts, or 16 percent for ...

A usury law is essentially an interest rate law. For the most part, loan rates are controlled at the state level. This page includes information about these cards, currently unavailable on NerdWallet.

Usury laws set limits on the amount of interest lenders can charge on loans and are typically set at the state level. There is no federally mandated maximum interest rate for credit cards. For credit ...

Usury laws protect borrowers in many states and some borrowers nationwide from being charged excessively high interest rates. However, state standards for excessive interest vary widely, and federal ...

Depending on where you live, you could get a small loan with an annual percentage rate of 36%, 300% or 600%. Why the staggering difference? Many factors contribute to the rate you receive on secured ...

Learn about legal interest rates and their limits, how different states enforce laws, and what excessive rates—usury—mean for borrowers and lenders.

Often, after discovering that they were invested in a Ponzi scheme, victims are left in a state of shock wondering how they became embroiled in such a travesty. Many reflect, concluding in hindsight ...

“Usury law” can refer to the first interest rate laws made in the 19th century, when young states set rate limits around 6%, or it can refer to modern versions of those laws, like the 36% consumer ...