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The average person would be appalled at the "exemptions" to usury laws in most states. California, for example: - Banks - Credit Cards - Retail installment
by elliekelly 8y ago
The average person would be appalled at the "exemptions" to usury laws in most states. California, for example:
- Banks
- Credit Cards
- Retail installment contracts
- Pawn brokers
- Licensed lenders
And guess what a "licensed lender" is? Anyone who has a net-worth of $25,000 who files a form with the DBO.
Functionally, Usury laws only apply to the mob.