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Usury
Usury (pronounced /ˈjuːʒəri/,comes from the Medieval Latin usuria, "interest" or "excessive interest", from the Latin usura "interest") originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change. After countries legislated to limit the rate of interest on loans, usury came to mean the interest above the lawful rate. In common usage today, the word means the charging of unreasonable or relatively high rates of interest.
The pivotal change in the English-speaking world seems to have come with the permission to charge interest on lent money: particularly the Act 'In restraint of usury' of Henry VIII in England in 1545 (see book references).
Usury Law and the Christian Right
I haven't read this yet, but it sure sounds interesting! "Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation" By Christopher Lewis Peterson, University of Florida -- Levin College of...
The Basics of Michigan Usury Law
What in the world is Michigan usury law? Basically, it's the law that prevents lenders from charging unfair interest rates to borrowers...
Brian McCall on Usury Law
Brian McCall of Oklahoma has written "Unprofitable Lending: Modern Credit Regulation and the Lost Theory of Usury." Here's the abstract:With almost daily news stories about the crisis in our credit markets, it seems inevitable that a new political and academic...
Invisible Hand and Usury
Image via WikipediaRob Kirby hastimely and useful reminder about what is wrong with usuryProfits from usury do not arise from any substantial labor or work but from mere avarice, greed, trickery and manipulation...
Reviving Scholastic Usury Theory
Brian McCall, University of Oklahoma College of Law, wrote with his reaction to the recent article by Professors Peterson & Graves, "Usury Law and the Christian Right," the subject of a recent post...
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