New Orleans You don’t hear the word “usury” bandied about much these days, although it is part of everyday life for many of us. Simply put, usury is little more than predatory interest rates. Politicians from the president on down are talking about interest rates these days. Trump is employing extreme, extralegal measures …
Category: Consumer Protection
Buy Now, Pay Later – Danger Alert
Mexico City Dealing with all of the different predatory pitfalls involving delayed payment or credit alternatives is a financial whack-a-mole. One day, you win some restrictions or limits on payday lending, and something else pops up and you have to corral installment loans. Try to win limits on these usurious interest rates and suddenly you …
Holding the Hawkers and Hustlers Accountable
New Orleans – Celebrity hawkers for cryptocurrency and nonfungible tokens or NFTs, as they are called, are in a bit of hot water. Singer Madonna, influencer Kim Kardashian, and NFL quarterback Tom Brady were among those named in civil suits by investors who took a bath on digital assets and are arguing that theses celebrity hustlers …