He was twice taken to court for violating the usury laws that prohibited charging interest higher than the legal limit of 10 percent.
But, then, the Roman Catholic church had its usury laws.
The usury laws were the first consumer protection laws.
New Jersey's general usury law has been in effect since English colonial times.
Many nations limit the amount of interest that can be charged (often called usury laws).
Even worse, neither the original nor amended provisions allowed the legislature to make any exceptions to the general usury law, as happened in other states.
It is difficult to understand why there is still no effective usury law in the UK.
Price controls have also been used in modern times for such things as rent control and usury laws.
Well of course there are no meaningful usury laws in this desperate country.
As usury laws were dismantled, the interest rate settled at 5% in 1714.