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"usurious" Definitions
  1. lending money at very high rates of interest

129 Sentences With "usurious"

How to use usurious in a sentence? Find typical usage patterns (collocations)/phrases/context for "usurious" and check conjugation/comparative form for "usurious". Mastering all the usages of "usurious" from sentence examples published by news publications.

Shylocking, loan sharking, you know, basically lending money at usurious rates.
Medici—and investing it for returns, or interest, which was usurious and
However, the free market, unregulated, will create exactly this kind of usurious behavior.
Grey-market lenders such as pawn shops provide financing but at usurious interest rates.
Now, the credit card companies have been charging what I view as usurious interest rates.
They've also collectively made fortunes by charging sometimes-usurious penalty interest rates and other late fees.
The Marshall Plan, as part of the Truman Doctrine, provided aid to Greece without memorandums and without usurious interest.
It comes across as a gift of thanks that foregrounds beauty, laughter, and powerful joy over the lurid and usurious.
They are frequently exploited because they have no means of verifying the math on the usurious interest rates on their loans.
Sustainability has become usurious, with news subscriptions jumping in price and app developers suddenly demanding a fee where none existed before.
In "The Divine Comedy," Dante reserved a special place in the Seventh Circle of Hell for people who charged usurious interest rates.
It might even lead the government to ban harmful products, such as usurious loans (for what truly free individual would choose them?).
These caused India to pass laws preventing private microfinance institutions from "exploiting" borrowers through "usurious interest rates and coercive means of recovery".
Mr Myo Than's predicament is not unusual: poor crop returns and usurious loan terms have kept Myanmar's farmers trapped in poverty and debt.
And so they resort to an underworld of private, unregulated moneylenders who charge usurious rates, according to government officials as well as borrowers.
The Madden case implicates three well-established aspects of lending law: First, the concept—that a loan that was not usurious when made cannot become usurious because it is sold—is a foundational aspect of the common law of lending, and has been recognized as a "cardinal rule in the doctrine of usury" by the Supreme Court since the early 19th century.
And in The Divine Comedy, Dante reserved a special place in the Seventh Circle of Hell for those who charged people usurious interest rates. . . .
So, a short-term revolving credit line — the corporate version of a high-limit credit card minus the usurious interest rates — is the answer.
Lenders have faced legal challenges over rates deemed potentially usurious in some securitized loans, while the US government is studying tougher new regulations for the sector.
The local politicians and activists who wanted Amazon's job creation — but only if they came on different, less usurious terms — are now left with no new jobs.
Planning ahead for this by building an emergency fund could help stop employees from using usurious credit cards, taking out high-interest loans or borrowing from their retirement plan.
Many of the failing institutions sank the money into speculative investments during a real estate bubble, lent to well-connected friends or charged usurious interest rates to desperate borrowers.
MADRID, March 4 (Reuters) - Spain's Supreme Court on Wednesday said it considered usurious and null an annual 27% rate applied to a revolving credit card by online bank WiZink.
"High-cost payroll loans are scrutinized closely in New York, and this investigation will help determine whether these payroll advance practices are usurious and harming consumers," said NYDFS Superintendent Linda Lacewell.
Even if, after training, their job prospects might be good, they don't have the resources for retraining, and financial markets will typically only advance them the money at usurious interest rates.
That fits with Mr. Trump's stated aim of dismantling the Dodd-Frank financial reform law, but would reverse progress on stopping usurious payday lending, ending racially discriminatory auto lending and prohibiting reckless mortgages.
Canna-business owners still applauded the legislation, including Canndescent's Adrian Sedlin, who said the bill will help US cannabis companies from paying "usurious rates" for financing and dealing with an all-cash payroll.
But early in Sears' long reign, it was a revolutionary force in the U.S., among other things subverting Jim Crow-era practices that blocked black Americans from shopping freely, and charged them usurious prices.
Proving there is no end to the usurious shitbaggery Congress is capable of, two representatives have introduced a bill called "Save America's Pastime," that seeks to exclude Minor League Baseball from federal fair labor protections.
Midland Funding LLC decision has allowed significant doubt to mire what was once a clear foundation of American finance: the notion that a valid debt does not become usurious simply because the debt is sold.
One arc, which we talked about last year, is fintech features like Flexible Pay, a product that allows employees to receive their unpaid wages in advance, with the goal of reducing reliance on usurious payday lenders.
"Before the occurrence of the most predatory, usurious period in the history of mortgage lending, what we had was the best practice standard," said John Taylor, president and chief executive of the National Community Reinvestment Coalition.
Some of the companies, which operate through websites and apps, appear to charge membership fees, "tips," and other types of fees that add up to the equivalent of usurious and other illegal interest rates, the regulator said.
The defendants were accused of making false assurances that they were affiliated with the government, or that their help was needed, and of typically charging over $1,000 for their services, often at a usurious 20.99% interest rate.
Wall Street, after driving the United States into the worst economic downturn since the 1930s, now makes tens of billions in profits while forcing working-class Americans to pay usurious interest rates on their credit card debt.
The settlement, disclosed in a San Diego federal court filing on Tuesday, resolves a 2016 lawsuit alleging that the so-called extended overdraft fees are really interest and are thus subject to bans on usurious or excessive rates.
While there's no rent-to-own option today, the company is considering it as a future feature, but Reno doesn't want renters to assume this is something that would be akin to the (basically usurious businesses) Rent-a-Center.
"When people get sick, we owe them healthcare; if they're homeless, they deserve shelter; if somebody wants to learn, they should be able to go to school without being weighed down by unpayable loans at usurious rates," Gokey, my colleague, said.
Barbara Underwood, the attorney general, said defendants typically charged more than $1,000 for their services, which often came with usurious interest rates, after luring borrowers with false claims such as being affiliated with the government, or that their help was needed.
That makes it a perfect application for blockchain technology, which is taking down incumbents that charge usurious fees, though the company already has its eye on other types of digital property that can also be marked, archived and licensed on the platform.
That might also help reduce impulse buys at pushy retailers that hand over store cards with 29.9 percent interest rates, while pretending that the 10 percent off they give you for that day's purchases somehow makes up for the usurious interest rates.
On the other hand, the president, Recep Tayyip Erdogan, is eager to sustain the economy's furious pace of growth (7.3% in the last quarter of 2017, compared with a year earlier) and to defy the usurious claims of what he calls the "interest-rate lobby".
The expensive private dance lessons, the costumes ordered for more than $19953 the will be worn once and never again, the usurious competition fees—it all works in combination to inure women into accepting a barely compensated job that likely costs more to maintain than it pays.
Gone is Richard Cordray, the consumer bureau's director and so-called bad cop, who levied fines and brought lawsuits to crack down on usurious business practices by an industry that offers short-term, high-interest loans that critics say trap vulnerable consumers in a feedback loop of debt.
"There is certainly the potential for harm to the integrity of the games but that risk already exists in a wholly unregulated shadow economy that exploits gamblers with usurious interest rates and robs them of any vehicle to seek redress if they are ripped off," said Charles Adams, a 46-year-old lawyer and former judge.
Incarcerated people in state and federal correctional facilities nationwide have long faced astronomical calling rates—in some cases more than $20 for a 15-minute call, according to Clyburn—thanks to what criminal justice reform advocates call "usurious" practices by two companies, Securus Technologies and Global Tel*Link, that control the $1.2 billion prison phone market.
In some states, such as New York, usurious loans are voided ab initio.NY Gen Oblig 5-501 et seq. and NY 1503. The making of usurious loans is often called loan sharking.
Justin Welby has been critical of Wonga. In May 2012, Justin Welby (then the Bishop of Durham) called Wonga.com's high interest rates "shocking" and "usurious". Wonga declined to comment.
Thomas, 150 Ind. — he wrote an opinion holding that usurious interest may be recovered back. In Louisville, N. A. & C. Railway Co. v. Bates,Louisville, N. A. & C. Railway Co. v.
The gangsters, on spotting both, vow to kill them. The film goes into a flashback. Eswari (Sriya Reddy) is a shrewish, arrogant 'kattapanchayata' woman. She lends money at usurious rates and goes after families who fail to repay.
U.S. banking regulations address privacy, disclosure, fraud prevention, anti-money laundering, anti-terrorism, anti-usury lending, and the promotion of lending to lower-income populations. Some individual cities also enact their own financial regulation laws (for example, defining what constitutes usurious lending).
In 1285 Hijri, the Imam was appointed to a clerical position. After one and a half years, he was asked to record a usurious transaction. Instead, he tendered his resignation. His superior promised him that from then on such transactions would not be given to him.
Most observers blamed agricultural underdevelopment on peasants' individualistic nature, their proclivity toward superstition, and their unwillingness to innovate. Small farmers also lacked access to credit. Informal credit markets flourished, but credit was not always available at planting time. When credit was available, it was usually provided at usurious rates.
McGeer's monetary reform ideas were certainly his greatest passion and achievement. His was one of the most forceful voices in Canada advocating government intervention in the usurious British monetary system and nationalizing the Bank of Canada. Gerald Gratton McGeer's economic ideas are most fully elaborated in his 1935 book, "The Conquest of Poverty".
Credit card companies in some countries have been accused by consumer organizations of lending at usurious interest rates and making money out of frivolous "extra charges". Alt URL Abuses can also take place in the form of the customer abusing the lender by not repaying the loan or with an intent to defraud the lender.
The old blacksmith, Trumbull, is forced out. Jody wonders how much he'll have to pay in order to keep himself safe from the rumor of Ab's barn- burning. Part 2 Ratliff is recovering from an operation; catches up on local gossip. Flem is making usurious loans to Negroes; I.O. is to be the new schoolteacher.
First, the new farmer-settlers did not have enough capital to sustain farming costs. Without any financial assistance available from the government that granted them the land, farmer-settlers accumulated huge debts at very high interest rates from usurious moneylenders. Most of these homesteaders were later forced to sell their land and become tenant farmers instead.
Gervase died between Michaelmas in 1183 and Michaelmas 1184. Gervase's offspring were Henry, Reginald (or Rainald), and Ralph. Ralph was also Sheriff of Kent (1191–1192) and Surrey (1191–1194). The medieval writer William of Canterbury stated of Gervase that he was "thinking of his usurious two-thirds and hundredths rather than of what was good and right".
Additional charges such as late fees were banned. The lender could no longer receive power of attorney or confession of judgment over a customer. These licensing laws made it impossible for usurious lenders to pass themselves off as legal. Small loans also started becoming more socially acceptable, and banks and other larger institutions started offering them as well.
Bank examiners are generally employed to supervise banks and to ensure compliance with regulations. U.S. banking regulation addresses privacy, disclosure, fraud prevention, anti-money laundering, anti-terrorism, anti-usury lending, and the promotion of lending to lower-income populations. Some individual cities also enact their own financial regulation laws (for example, defining what constitutes usurious lending).
Since the loans also came with usurious interest rates, the bankers would not admit to granting them. Chadwick forged securities in Carnegie's name for further proof. Bankers assumed that Carnegie would vouch for any debts and that they would be fully repaid once Carnegie died. Chadwick carried out a lavish lifestyle as a result of her con.
Republic of Capital. Stanford University Press, 1999. A respected arbiter of the many conflicts surrounding customs collection, he was named to the powerful Commerce Tribunal and Government Advisory Council. He was also a noted supporter of the expansion of domestic credit, which he hoped could avoid excess reliance on the often usurious loans obtained in Paris.
He was forced to borrow money at usurious rates from merchant houses, and to raise taxes to unsustainable levels, which resulted in a widespread revolt within the domain. He retired from public office in 1826 and died in 1833. His wife was the daughter of Matsudaira Naohiro of Akashi Domain; he later remarried to a daughter of Honda Masaharu of Tanaka Domain.
Balthar of Beshta at first declines to become subject to Kalvan, until he discovers there are no gunpowder mills in his realm. Other neighboring princes soon side with Kalvan, as this gets rid of the usurious taxes and loans levied by Styphon's House. King Kaiphranos is infuriated by the defections, as is the Archpriest of Styphon. The novel ends at this point.
Friedland denied Brennan's allegations and demanded his resignation, stating that he had been attempting to settle a usurious loan and that he had not talked to any of the complaining witnesses.Sullivan, Ronald. "BRENNAN EXPLAINS LEGISLATORS' LINKS TO JERSEY MAFIA; Concedes Three Men Named May Have Acted Solely in Role of Lawyers", The New York Times, December 31, 1968. Accessed May 20, 2009.
Another more credible theory claims a Roman origin. In 1215, the Fourth Council of the Lateran wrote the following: Canon 67. Jews and excessive Usury. The more the Christian religion is restrained from usurious practices, so much the more does the perfidy of the Jews grow in these matters, so that within a short time they are exhausting the resources of Christians.
The use of purchased inputs, such as fertilizers, pesticides, machinery, and irrigation, was rare; farmers in Haiti employed traditional agricultural methods more than did farmers in any other part of the Western Hemisphere. Small farmers also lacked access to credit. Informal credit markets flourished, but credit was not always available at planting time. When credit was available, it was usually provided at usurious rates.
However, around the necks of the other usurious sinners are found purses emblazoned with their family coat of arms. This, and a bit of research into Dante's time-period, make it possible to identify who the suffering sinners are meant to be. Usurers are considered violent because, as Dante's Virgil explains in Canto XI, usurers sin against Art, and Art is the Grandchild of God.
However, around the necks of the other usurious sinners are found purses emblazoned with their family coat of arms. This, and a bit of research into Dante's time-period, make it possible to identify who the suffering sinners are meant to be. Usurers are considered violent because, as Dante's Virgil explains in Canto XI, usurers sin against Art, and Art is the Grandchild of God.
Up until July, 1930, Tambari's relationship with the British residents had been cordial,Tibenderana. p. 117 but on July 1930, allegations of miscarriage of justice, issuing usurious loans to district heads and consultation with African traditional religion practitioners was levied against him. Further, in October 1930, frivolous accusations were made against him by unknown persons.Tibenderana. p. 125 The allegations were investigated in late 1930 and Tambari deposed.
These loans were tendered at usurious rates: in one notorious loan, the government received credit for £570,000 from the Baring Brothers in exchange for a debt of £1,000,000. In the 1820s, the peso papel began to lose value rapidly with respect to the peso fuerte, which was linked to the price of gold. In 1827 the peso papel was devalued by 33%, and was devalued again by 68% in 1829.
Inba (Shaam) is a rough character who works under Priya's brother, Malai Ganeshan (Arun Pandian), as a bodyguard of Priya (Sneha). Priya is an usurious girl, spending most of the time with her friends and absenting herself from the college several times. Hence Malai Ganeshan employs Inba, his faithful servant to guard Priya's activities. Priya insults him several times since she was not interested in somebody guarding her all the time.
Following the Panic of 1837, he began to think about the monetary system and what he believed its faults were. He was especially concerned about interest, which could often reach usurious levels. His first proposal was that all paper money should be issued by the government. (At that time, most banks issued their own private paper notes.) The government's notes would be low interest and backed by real estate.
According to investigations, the leaders of the clan usually do numerous parties in the Ponticelli area, always inviting singers to live performances, one of their favorite singers is the neomelodic Anthony Ilardo, who is known for his relations with members of the Camorra. On December 29, 2019, two "loan sharks" of the clan were arrested in Cercola, according to the investigations, in some cases they would impose usurious rates up to 720%.
Interest structures were typically usurious and interest would often exceeded effective wages earned. This system is commonly known as Bandhua Mazdoori (बंधुआ मज़दूरी). Further, because of illiteracy and social backwardness of debtors, several generations are made to work in degradable conditions and extreme poverty under this system. Even after India got independence and Indian Constitution came to power that enshrines the principal of Equality and Dignity, the practice of Bandhua Mazdoori (बंधुआ मज़दूरी) continued.
Organized crime has never had a monopoly on black market lending. Plenty of vest-pocket lenders operated outside the jurisdiction of organized crime, charging usurious rates of interest for cash advances. These informal networks of credit rarely came to the attention of the authorities but flourished in populations not served by licensed lenders. Even today, after the rise of corporate payday lending in the United States, unlicensed loan sharks continue to operate in immigrant enclaves and low-income neighborhoods.
In Dante Alighieri's Divine Comedy poem Inferno, Dante says that he saw Vitaliano in the inner ring of the Seventh Circle of Hell, where the violent are eternally punished. The inner ring of the Seventh Circle is a burning hot desert with a continual rain of fire. The usurers are to be found sitting on the sand, swatting away fire the way that animals swat bugs, and crying. Vitaliano is the only usurious sinner to be named.
As influential Bengali businessman M. A. Ispahani testified, "...the Bengal cultivator, [even] before the war, had three months of feasting, five months of subsistence diet and four months of starvation". Moreover, if a labourer did not possess goods recoverable as cash, such as seed or cattle for ploughing, he would go into debt. Particularly during poor crops, smallholders fell into cycles of debt, often eventually forfeiting land to creditors. Small landholders and sharecroppers acquired debts swollen by usurious rates of interest.
He was a merchant banker who, with others, lent money under usurious conditions during the crusades with the consent and support of the papacy. In 1257 Cavalcanti served as Podestà (chief magistrate) of the Umbrian city of Gubbio. Following the 1260 victory of the Ghibellines over the Florentine Guelphs in the Battle of Montaperti, Cavalcanti went into exile in Lucca in Tuscany. He returned from exile in 1266 and married his son Guido to the daughter of Farinata degli Uberti, a prominent Ghibelline.
However, Domvile was an impetuous man and acted unreasonably with his tenants and prospective buyers of estates on his holdings. His personal debts mounted as a result of his financing two large estates at Shankill and Santry, ultimately resulting in his bankruptcy. The net outcome of Domvile's actions was to halve the population of Shankill and Rathmichael during the 1860s. He evicted over 100 tenants, during a period of grinding poverty, and many were forced to re-negotiate their tenancies at usurious rates.
Kathmandu: Mandala Book Point, 1999. p. 189 When promised land reforms failed to appear, people in some districts started to organize to enact their own land reform and to gain some power over their lives in the face of usurious landlords. However, this movement was repressed by the Nepali government, in Operation Romeo and Operation Kilo Sera II, which took the lives of many of the leading activists of the struggle. As a result, many witnesses to this repression became radicalised.
Kathmandu: Mandala Book Point, 1999. p. 189 When promised land reforms failed to appear, people in some districts started to organize to enact their own land reform and to gain some power over their lives in the face of usurious landlords. However, this movement was repressed by the Nepali government, in "Operation Romeo" and "Operation Kilo Sera II", which took the lives of many of the leading activists of the struggle. As a result, many witnesses to this repression became radicalized.
Cahill's grandparents were neighbours of the Scottish-born Irish socialist and Easter Rising leader James Connolly, who co-founded the Irish Citizens Army. Cahill was educated at St. Mary's Christian Brothers' School, then located on Barrack Street. At age 14 he left school to assist in the print shop. Soon after, he joined the Catholic Young Men's Society, which campaigned on social issues with a focus on eradicating moneylenders from working-class areas of Belfast, as they often charged usurious interest rates.
In 1934 Dever was elected Attorney General, and was at age 31 the youngest to hold that office. Among his claimed successes were a 95% conviction rate, and the closure of a significant number of lenders engaging in usurious lending practices. He also identified under- or mis-utilized trust funds, including one which was eventually used for construction of the Hatch Shell on Boston's Charles River Esplanade. In 1940, he challenged the popular incumbent Governor Leverett Saltonstall for his seat, losing by a margin of 0.3%.
It was pseudo-technical jargon, but Díaz Bruzual was among the adherents to this idea, if not actually the economist who got the "overheated" ball rolling. In the USA, president Jimmy Carter was fighting inflationary pressures and interests rates there, and in the industrialized nations generally, went up to unheard of levels. In Venezuela, a Canadian bank was offering interests as high as 21%. But because of the overheating thesis, Díaz Bruzual applied an old law whereby interest payments above 12% were considered usurious and illegal.
Hicks, The Populist Revolt, pp. 39–40. Merchants, finding a sellers' market, extracted extraordinary profits through inflated prices and usurious credit terms. A new mode of production replaced the slave-based large-scale agriculture of the pre-war years. Now it would be small-scale agrarian enterprise that would proliferate and the emergence of the so-called "share system" or "cropping system," in which non- landowners paid rent for the use of the land they farmed in the form of a fixed percentage of the output generated.
In Dante’s Divine Comedy poem Inferno, Dante says that he saw Giovanni in the inner ring of the Seventh Circle of Hell, where the violent are eternally punished. The inner ring of the Seventh Circle is a burning hot desert with a continual rain of fire. The usurers are to be found sitting on the sand, swatting away fire the way that animals swat bugs, and crying. Vitaliano di Iacopo Vitaliani, along with Giovanni, are the only usurious sinners to be referred to by name.
Similarly, it is possible that Shakespeare meant Shylock's forced conversion to Christianity to be a "happy ending" for the character, as, to a Christian audience, it saves his soul and allows him to enter Heaven. Regardless of what Shakespeare's authorial intent may have been, the play has been made use of by antisemites throughout the play's history. The Nazis used the usurious Shylock for their propaganda. Shortly after Kristallnacht in 1938, The Merchant of Venice was broadcast for propagandistic ends over the German airwaves.
In the second novel, Gargantua, M. Alcofribas narrates the Abbey of Thélème, built by the giant Gargantua. It differs markedly from the monastic norm, as the abbey is open to both monks and nuns and has a swimming pool, maid service, and no clocks in sight. Only the good-looking are permitted to enter. The inscription on the gate to the abbey first sets out who is unwelcome: hypocrites, bigots, the pox-ridden, Goths, Magoths, straw-chewing law clerks, usurious grinches, old or officious judges, and burners of heretics.
Emigrants at this time often traveled to New York City, where many had connections with hat importers. In the United States, Ecuadorians are most concentrated in New York City and New Jersey; approximately 90,000 Ecuadorians live in Queens, particularly in Corona and Jackson Heights. Alternately, some Ecuadorians arrived with forged visas or on passports with legitimate visas but substituted photos. Ecuadorians typically paid for the journey by borrowing from usurious moneylenders and using their property in Ecuador as collateral. During the late 1990s financial crisis in Ecuador, a mass migration to Spain occurred.
"Cooper's Monikins." Near the end of his opinion the Chief Justice recapitulates what is perhaps the central contention of his opinion: "contracts derive their obligation from the act of the parties, not from the grant of government". The Chief Justice in the course of his opinion uses the "will theory of contract". The fact that the state may define how contracts can be formed, how defaults can be remedied, and even exclude from the outset certain types of contract, usurious ones for example, does not make contract a creature of the state.
Usury laws are state laws that specify the maximum legal interest rate at which loans can be made. In the United States, the primary legal power to regulate usury rests primarily with the states. Each U.S. state has its own statute that dictates how much interest can be charged before it is considered usurious or unlawful. If a lender charges above the lawful interest rate, a court will not allow the lender to sue to recover the unlawfully high interest, and some states will apply all payments made on the debt to the principal balance.
Hou's 1955 doctoral thesis at the University of Paris was one of the earliest and most thorough studies of conditions in the rural areas during the French colonial era. He argued that although most landholdings were small (one to five hectares), poor and middle-class peasants were victims of flagrantly usurious practices that included effective interest rates of 100 to 200 percent. Foreclosure reduced them to the status of sharecroppers or landless laborers. Although debt slavery and feudal landholding patterns had been abolished by the French, the old elites still controlled the countryside.
In July, 2017 the Minnesota Supreme Court found in Swanson's lawsuit that the school made illegal usurious loans to students at interest rates as high as 18 percent. In 2015, Swanson became one of the first attorneys general in the country to file lawsuits against student loan assistance companies that charged students thousands of dollars for bogus help in supposedly alleviating student loan debt. In 2014, Swanson issued a scathing report on charities that contract with Savers, Inc., a for profit company that collects and sells second hand clothing through the United States and Canada.
In 1994, the Minnesota Supreme Court ruled in Miller v. ColorTyme that the lease agreements offered by ColorTyme were covered under the state's Consumer Credit Sales Act, and that the lease agreements were therefore not leases but sales on credit. The court further held that the company was charging usurious rates of interest to its customers. A similar lawsuit, filed by the office of Wisconsin Attorney General James E. Doyle in 1993, resulted in the company being fined $25,000 and required to disclose interest rates and other credit terms to consumers.
Over the course of the 19th century, the feudal lords attached more importance to representation and less importance to the responsibilities towards their subjects. The behaviour of Mongolia's nobility, together with usurious practices by Chinese traders and the collection of imperial taxes in silver instead of animals, resulted in widespread poverty among the nomads. By 1911 there were 700 large and small monasteries in Outer Mongolia; their 115,000 monks made up 21% of the population. Apart from the Jebtsundamba Khutuktu, there were 13 other reincarnating high lamas, called 'seal-holding saints' (tamgatai khutuktu), in Outer Mongolia.
Agnone would suffer a significant decline in years following the Unification of Italy in the 1860s. In 1884 the local newspaper L'Aquilonia reviewed the causes of emigration of peasants from Agnone and concluded that the two main factors were excessive taxes on consumers' goods and usurious interest rates that at times surpassed 20 percent in the town.Emigration in a south Italian town: an anthropological history. William A. Douglass 1984 The peasants were arrested for stealing the crops of the galantuomini ("gallant men" or ruling class), and a particularly frequent crime was the illegal cutting of timber on the town commons.
Friedländer notes that these sermons employed some of the more common stereotypical depictions of traditional religious antisemitism: "The daughters of Zion received their bill of divorce and from that time forth, Ahasuerus wanders, forever restless, over the face of the earth." In his 17 December Advent sermon, Faulhaber spoke to the "People of Israel" about the "Old Testament" and declared "This treasure did not grow in your own garden... this condemnation of usurious land-grabbing; this war against the oppression of the farmer by debt, this prohibition of usury, is certainly not the product of your spirit!."Lapide, 1967, p. 106.
The Supreme Court of Minnesota found a material limitation conflict in In re Petition for Disciplinary Action Against Christopher Thomas Kalla.811 N.W.2d 576 (Minn. 2012) (per curiam). In Kalla, an attorney was disciplined for representing a borrower bringing suit against her lender for charging a usurious interest rate while simultaneously representing the mortgage broker who arranged the loan as a third party defendant in the same lawsuit. Although neither client had brought an action against the other, the court found a material limitation conflict: “Advocating for Client A would potentially harm Client B, who was potentially liable for contribution.
Jews could not hold land in Italy, so they entered the great trading piazzas and halls of Lombardy, alongside local traders, and set up their benches to trade in crops. They had one great advantage over the locals. Christians were strictly forbidden the sin of usury, defined as lending at interest (Islam makes similar condemnations of usury). The Jewish newcomers, on the other hand, could lend to farmers against crops in the field, a high-risk loan at what would have been considered usurious rates by the Church; but the Jews were not subject to the Church's dictates.
In order to empower women and develop entrepreneurship among them, the Annapoorna society was set up in Kollam in 1986. They could run working women's hostel, undertake outdoor catering, establish mobile restaurants for street food, and undertake capacity building to equip women for income generating economic development activities. This has been evaluated as the forerunner or the renowned Kudumbashri Self Help Groups in Kerala. The micro credit scheme introduced among the fisherwomen in Kollam district, popularly known as ration card loan, could save this marginalised section of society from the clutches of the usurious money lenders.
In 1968, DiGilio was indicted on extortion charges. DiGilio had made two $1,000 usurious loans in 1966 and 1967 to a New Jersey man who, after paying $7,400 interest, refused to pay anything else. The victim then receive a threatening call from DiGilio, which he recorded. DiGilio was able to prove that the voice print of the recording did not match his own voice, and was acquitted in 1970."Dave Friedland as John DiGilio’s lawyer" Hudson County Facts May 15th, 2010 In the mid-1970s, Digilio became secretary-treasurer of International Longshoremen's Association Local 1588 in Bayonne, New Jersey, a union local under Genovese control since the 1960s.
In 1865 he founded the Banca Popolare di Milano in Milan, the second cooperative bank in Italy (the first one was the Banca Popolare di Lodi). The popular banks, modelled after the credit unions Schulze-Delitzsch had introduced in the 1850s, aimed to provide credits to peasants, small shopkeepers and artisans whose only option for capital had been pawnbrokers or usurious moneylenders.Soper, Building a Civil Society, p. 52 In 1869 he was appointed by Minghetti under secretary of state to the ministry of agriculture and commerce, in which capacity he abolished government control over commercial companies and promoted a state inquiry into the conditions of industry.
To contest the stereotype that musicians were irresponsible bohemians, Hernández insisted that the quartet forego the traditional costumes featuring ruffled-sleeve shirts and instead wear suits and ties. As she gained a reputation, Hernández began working with record labels like Columbia Records, Decca and Victor to book instrumentalists for recording sessions and with bandleaders like Xavier Cugat, who were searching for musicians. Hernández also often assisted the musicians themselves by advancing them money in exchange for a cut of their later earnings. Her benevolence earned her the honorific La Madrina (the godmother) from some, but also less flattering titles by those who felt her charges were usurious.
By the early 20th century the Uriankhai economy had seriously deteriorated, resulting increased poverty in the region. The causes of this decline were varied: declining number of fur-bearing animals probably due to over-hunting by both Uriankhais and Russians; declining number of livestock as a result of the export market to Siberia; and periodic natural disasters (especially droughts and plagues), which further decreased the livestock populations. The decline in the number of squirrels also led to marked inflation since Uriankhai trade with Russians was conducted on credit using a complex system of valuation principally pegged to squirrel skins. Furthermore, Russians encouraged credit purchases at usurious rates of interest.
A group of armed men led by Spyro Psimaris took down the flag of St Mark from the castle before the arrival of French troops and the French consul, Guys managed to form a guard before the arrival of Gentili's troops. Most of the locals were relieved to be rid of the Venetians and were hoping political and social liberalisation would be ushered in. They also believed the French would provide a bulwark against the menacing Ottoman Turkish Empire. Even the peasants (the so-called Villani according to the Venetians) made their appearance in Zakynthos town demanding the lowering of usurious interest and taxation foisted on them by the Nobili.
Later, Soriano goes to a clothes store and finds out Ferrera, the judge of the case, is gay. In El Escondido, Betty is talking with the commissary about how Gringo's house actually is on a usurious mortgage with him and that, if the Gringo can not pay, the commissary keeps the house. Soriano goes to the provincial courts to talk with Rivas, only to find out she lost every bit of empathy about her job. Soriano returns to her desk and talks with Santi about her disappointment with her work and, motivated by Rivas' dessidy, decides to go to El Escondido for a last try to clean Gómez's name.
Jones v. Alfred H. Mayer Co. (1968), the U.S. Supreme Court ruled that the Thirteenth Amendment authorized the federal government's prohibiting racial discrimination in private housing markets.Jones v. Alfred H. Mayer Co., 392 U.S. 409 (1968). It thereby allowed black American legal claims to rescind the usurious land contracts (featuring over-priced houses and higher-than-market mortgage interest rates), as a discriminatory real estate business practice illegal under the Civil Rights Act of 1866, thus greatly reducing the profitability of blockbusting. Nevertheless, the said regulatory and statutory remedies against blockbusting were challenged in court; thus, towns cannot prohibit an owner's placing a "FOR SALE" sign before his house, in order to reduce blockbusting.
In 1257 or 1258 ("Ordonnances", i. 85), wishing, as he says, to provide for his safety of soul and peace of conscience, Louis issued a mandate for the restitution in his name of the amount of usurious interest which had been collected on the confiscated property, the restitution to be made either to those who had paid it or to their heirs. Later, after having discussed the subject with his son-in-law, King Theobald II of Navarre and Count of Champagne, Louis decided on 13 September 1268 to arrest Jews and seize their property. But an order which followed close upon this last (1269) shows that on this occasion also Louis reconsidered the matter.
They are called mixed causes when they are subjects proper for decision by either the ecclesiastical or civil forum, as usurious contracts, concubinage, violations of the Church's peace, etc. Causes are likewise called mixed when they have both a spiritual and temporal end. Thus matrimony, in its sacramental nature as to validity or nullity, belongs to the Church; in its temporal aspect, as to the property of married persons and similar things, it may be dealt with by the civil tribunals. To this class of mixed causes can also be reduced the suppression of heresy, where Church and State cooperate with each other for the maintenance of the integrity or the faith and the preservation of the civil peace.
Brant's Stultifera Navis (Ship of Fools), 1494; woodcut attributed to Albrecht Dürer Usury ()The word is derived from Medieval Latin usuria, "interest", or from Latin usura, "interest" is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning, taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by a nation's laws. Someone who practices usury can be called an usurer, but in contemporary English may be called a loan shark.
Julian (Kim Joohyuk) has lived off with the money he lures from his rich female customers. But now he faces usurious debts from a hasty expansion of his business, and he will be killed unless he clears the debt in one month. The only way to save himself is to pretend to be the long-lost brother of an heiress and kill her to get her huge fortune. Min (Moon Geun-young), the blind cold-hearted heiress likes Julian, she slowly opens herself to him, and he, too, falls for her. But Julian has to pay his creditor and what makes it worse for him is that the illness that took Min’s eyesight relapsed, threatening her life.
The literacy rate was high for a preindustrial society (by some estimates the literacy rate in the city of Edo was 80 percent), and cultural values were redefined and widely imparted throughout the samurai and chōnin classes. Despite the reappearance of guilds, economic activities went well beyond the restrictive nature of the guilds, and commerce spread and a money economy developed. Although government heavily restricted the merchants and viewed them as unproductive and usurious members of society, the samurai, who gradually became separated from their rural ties, depended greatly on the merchants and artisans for consumer goods, artistic interests, and loans. In this way, a subtle subversion of the warrior class by the chōnin took place.
The Brussels Mont de Piété, first founded in 1618, is still an active institution. The founder was Wenceslas Cobergher, who went on to establish fifteen such institutions in different towns in the Spanish Netherlands in the years between 1618 and 1633, financed by the provision of annuities in return for direct capital investment. Prior to this date the provision of consumer credit was largely in the hands of Lombards whose loans were at high rates of interest. Criticism of the Monts de Piété as themselves usurious institutions that both borrowed and lent at interest were countered by the Jesuit moral theologian Leonardus Lessius in an appendix to the 1621 edition of his De justitia et jure.
In January 1777 a report was current at Cambridge that he had been detected in lending money at an enormous interest in 1775 and 1776 to a scholar of Trinity College named William Bird, then a minor, and without a father, whom he had also caused to be imprisoned in a sponging-house. The sum advanced was £750, for which he took notes to the amount of £1,090. This "usurious affair", as Cole terms it, came to light at a very unlucky time, for he had been promised the chancellorship of the Diocese of Ely, which fell vacant in the following May. Eighteen months, however, were allowed to elapse before the university took action.
Their synagogues and their cemeteries were to be restored to them on condition that they would refund their value; or, if these could not be restored, the king would give them the necessary sites at a reasonable price. The books of the Law that had not yet been returned to them were also to be restored, with the exception of the Talmud. After the period of twelve years granted to them the king might not expel the Jews again without giving them a year's time in which to dispose of their property and carry away their goods. They were not to lend on usury, and no one was to be forced by the king or his officers to repay to them usurious loans.
UniSA Magill Campus In 1850 he was one of the many who supported South Australian Register editor John Stephens who was being attacked for his outspoken criticism of some influential people. In 1851 he was appointed to the District Road Commission for the Hundred of Para Wirra, the precursor of the District Council of Tungkillo, of which he was one of the original councillors and for some time chairman. Murray supported compulsory implementation the Real Property Act (Torrens Title), as a way of depriving usurious lawyers of a source of unearned revenue. In April 1862, he was elected to the House of Assembly for the District of Gumeracha at the by- election brought about by the retirement of the Hon.
They decided to segregate the Jews to end the conflict. Already in the Cortes of Madrigal of 1476 the kings had protested the breach of the provisions in the Order of 1412 on the Jews - prohibition to wear luxury dresses; obligation to wear a red slice on the right shoulder; prohibition to hold positions with authority over Christians, to have Christian servants, to lend money at usurious interest, etc. - but in the Cortes de Toledo of 1480, they decided to go much further to fulfill these norms: to force the Jews to live in separate quarters, where they could not leave except during the day to carry out their professional occupations. Until then the Jewish quarters-where the Jews used to live and where they had their synagogues, butchers, etc.
7 The proportion of dwellers per square foot was three to four times that of the pre-War level and considered a "menace to lives, health, morals and safety of the entire community."New York State Legislature, Joint Legislative Committee on Housing, Social Networks and Archival Context (SNAC), Institute for Advanced Technology in the Humanities, University of Virginia. Retrieved July 15, 2015 The committee uncovered corruption and wrongdoing at every level of the housing industry at a series of hearings and investigations.Housing Shortage As Bad Now As Ever, Witnesses Testify, The New York Times, January 6, 1922 At the outset landlords who charged tenants usurious rents were in the committee's spotlight, but subsequently labor unions and building material suppliers were found implicated in a racket that inflated housing costs.
Grameen Bank Head Office at Mirpur-2, Dhaka In 1976, during visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that very small loans could make a disproportionate difference to a poor person. Village women who made bamboo furniture had to take usurious loans to buy bamboo, and repay their profits to the lenders. Traditional banks did not want to make tiny loans at reasonable interest to the poor due to high risk of default. But Yunus believed that, given the chance, the poor will repay the money and hence microcredit was a viable business model. Yunus lent US$27 of his money to 42 women in the village, who made a profit of BDT 0.50 (US$0.02) each on the loan.
Additionally, financial outreach is not an end in itself and greater economic and social impact might result from cheaper credit in certain sectors rather than greater outreach. Where lenders are known to be very profitable then it might be possible to force them to lend at lower rates in the knowledge that the costs can be absorbed into their profit margins. Caps on interest rates also protect against usurious lending practices and can be used to guard against the exploitation of vulnerable members of society. However, he does say that although there are undoubtedly market failures in credit markets, and government does have a role in managing these market failures (and indeed supporting certain sectors), interest rate caps are ultimately an inefficient way of reaching the goal of lower long-term interest rates.
On a federal level, Congress has never attempted to federally regulate interest rates on purely private transactions, but on the basis of past U.S. Supreme Court decisions, arguably the U.S. Congress might have the power to do so under the interstate commerce clause of Article I of the Constitution. Congress imposed a federal criminal penalty for unlawful interest rates through the Racketeer Influenced and Corrupt Organizations Act (RICO Statute), and its definition of "unlawful debt", which makes it a potential federal felony to lend money at an interest rate more than twice the local state usury rate and then try to collect that debt. (6)(B). See generally, Racketeer Influenced and Corrupt Organizations Act It is a federal offense to use violence or threats to collect usurious interest (or any other sort). Separate federal rules apply to most banks.
Huq's cabinet included Nalini Ranjan Sarkar (finance), Bijoy Prasad Singha Roy (revenue), Maharaja Srish Chandra Nandy (communications and public works), Prasanna Deb Raikut (forest and excise), Mukunda Behari Mallick (cooperative credit and rural indebtedness), Sir Khwaja Nazimuddin (home), Nawab Khwaja Habibullah (agriculture and industry), Huseyn Shaheed Suhrawardy (commerce and labour), Nawab Musharraf Hussain (judicial and legislative), and Syed Nausher Ali (public health and local self- government). In 1940, Huq was selected by Muhammad Ali Jinnah to formally present the Lahore Resolution, which envisaged ‘independent states’ in the eastern and northwestern parts of India. One of the notable measures taken by Huq included using both administrative and legal measures to relieve the debts of peasants and farmers. He protected the poor agriculturists from the clutches of the usurious creditors by enforcing the Bengal Agricultural Debtors' Act (1938).
Beginning with the Permanent Settlement imposed by the British in Bengal and Bihar, which later became the template for a deepening of feudalism throughout India, the older social and economic system in the country began to alter radically. Land, both forest areas belonging to adivasis and settled farmland belonging to non-adivasi peasants, was rapidly made the legal property of British-designated zamindars (landlords), who in turn moved to extract the maximum economic benefit possible from their newfound property and subjects. Adivasi lands sometimes experienced an influx of non-local settlers, often brought from far away (as in the case of Muslims and Sikhs brought to Kol territory) by the zamindars to better exploit local land, forest and labour. Deprived of the forests and resources they traditionally depended on and sometimes coerced to pay taxes, many adivasis were forced to borrow at usurious rates from moneylenders, often the zamindars themselves.
S. 26f. In 1317 Pope John XXII started a rigorous campaign against the Jews and publicly declared that usurious interest (which meant any interest) should not be paid to Jews. In 1320, some inhabitants of Cologne tried to avoid the obligation to pay their debts to Jews by appealing to the legislation of the church. The Cologne Council thought necessary to act preemptively in regard to this apparently Church-sanctioned refusal to repay debts and took action in 1321 to limit interest due under penalty. In 1327, the council reiterated this ordinance and appealed directly against a papal decree directed specifically against Salomon of Basel.Schmandt 2002. p. 78f. The same council referred in 1334 to the same letter of the pope and appealed to Archbishop Walram von Jülich for protection from a Jewish banker named Meyer of Siegburg who demanded payment of money from it.
In criminal cases he drew public attention to himself by his cross-examination in the Bravo case in 1875, and from that time onward was connected with most criminal "causes célèbres," being conspicuous in the prosecution of fraudulent persons like Madame Rachel and Slade the medium. Among other cases may be mentioned the Hatton Garden diamond robbery case; the case involving Boulton and Park; Belt versus Lawes; and the Royal Baccarat Scandal, in which the Prince of Wales was called as a witness; and he was selected by the Parnell Commission to conduct the case for Charles Stewart Parnell and the Irish party against The Times. Lewis had by far the largest practise in financial cases of any lawyer in London, and was especially expert in libel cases, being retained by some of the chief newspapers. He showed himself especially skilful in exposing the practises of usurious money-lenders.
" In an opinion filed on June 24, 1975, the Nebraska court ruled that the interest rate which First National may legally charge in Iowa is governed by the usury laws of the state "where the extension of credit occurs" and that since the credit was extended in Omaha where the 18 percent interest rate was not usurious, it was entirely within the legal bounds in Iowa as well. On November 1, 1974, the Iowa attorney general, Richard C. Turner, filed a petition with the District Court, requesting a permanent injunction enjoining the Omaha bank and a Des Moines bank from assessing or collecting a finance charge in excess of the amount permitted by the Iowa Consumer Credit Code. The court ruled in favor of the defendants. In 1977, the United States Court of Appeals for the Eighth Circuit affirmed the judgment of the District Court in the Fisher case, saying that First National's card program should not be restrained or restricted in any way because it "promotes and facilitates, rather than limits or inhibits, interstate trade and commerce.
In his 1995 article with which he prefaced Polyakov's "Denunciation Letter", B.P. Polevoy analyzes the reasons for the mutineers' dissatisfaction with Khabarov's actions. Khabarov's wanton killing of the natives who had already submitted to the Russian Czar's authority, and his murder of the wife of the Daurian Prince Shilginey, who was kept as a hostage and would not sleep with him, were antagonizing the local population.ЧЕЛОБИТНАЯ С. В. ПОЛЯКОВА И ЕГО СПУТНИКОВ О ПОВЕДЕНИИ Я. П. ХАБАРОВА НА АМУРЕ В 1650-1653 гг (The text of S.V.Polyakov's and his followers' complaint about Ya.P.Khabarov's conduct on the Amur in 1650-1653) His reselling of government supplies to the members of his own band at extortionate prices, often on credit and on usurious conditions, did not foster cohesion in his crew. In Polevoy's view, many of the future mutineers had come to the Amur in the hope to settle somewhere on the fertile lands along its banks as farmers, but Khabarov's abandoning of Albazin, captured by him from the Daurs in 1650, and his strategy of moving quickly up and down the river, collecting "tribute" from the natives to maximize his immediate profit, frustrated the Cossacks' plans for settlement.
Herder. Portrait of Gerhard von Kügelgen (1806) The earliest evidence of the idea of a "Jewish parasite" can be found in the 18th century. Precursors could be found, as suspected by the German-Israeli historian Alexander Bein, in the medieval notion of the "usurious Jew" who would suck the blood out of the people and the ritual murder legend according to which Jews would use the blood of Christian children for ritual purposes. In addition - for instance in Martin Luther's anti-Jewish writings - the idea can be proven that Jews are only guests in Europe, that Christians are their hosts, from which later the idea of the host people afflicted by parasites developed. The French Enlightenment philosopher Voltaire (1694-1778) explicitly denied the Jews the ability to achieve their own cultural achievements and to achieve lasting statehood: as evidence he cited the construction of the first temple, for which Solomon with Hiram of Tyre had had to engage craftsmen from Lebanon, and the double exile (first the Babylonian Exile after 597 BC and then the Diaspora after the expulsion by the Romans in 135 AD).

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