John Oliver On The US Payday Loans Industry

The second half discusses the payday loan industry in Texas, which is remarkable even by today’s standards.

Usury (/ˈjuːʒəri/) is the practice of making unethical or immoral monetary loans intended to unfairly enrich the lender. A loan may be considered usurious because of excessive or abusive interest rates or other factors.  Someone who charges usury can be called an usurer, but the more common term in English is loan shark.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.