Historically, usury rates started at 25%. After banks lobbied to change bankruptcy laws that ceiling was abolished. With today's cost of funds, should Congress establish usury for any rate above 20%?

Historically, usury rates started at 25%. After banks lobbied to change bankruptcy laws that ceiling was abolished. With today's cost of funds, should Congress establish usury for any rate above 20%?



    
View Results


Share results with decision makers


Take survey this poll is in:

Banks, Lending & Credit Cards Survey
Total votes: 38  |   Views:  1422   |  
Rating 4.05  
Report to the admin
 

Why this poll was created

Credit card rates are unacceptable today given the low cost of funds provided by the government to commercial banks and credit card issuers.



Comments

close

Loading

close

Error


  • Choose a picture:  

    Choose Media:

    attached media

    Delete
  • Paul

    Dec 17, 2009 9:26 pm

    Tell your friends to vote on this issue and let's send it on the finance committees of Congress.

    Reply

  • TechBoy

    Dec 1, 2009 11:54 am

    Most of Congress is in the pockets of bankers who support their campaigns; Seems they care more about getting re elected than their constituents who pay loan shark rates to the likes of Bank of America.

    Reply

  • kitten

    Nov 30, 2009 1:44 pm

    Am getting ripped off by my bank; get them to stop being scrouges!

    Reply

  • Ernest

    Nov 11, 2009 11:17 pm

    Not to worry; These banks are going to have their own problems when people stop paying their credit card debt, very soon....

    Reply

  • frab

    Nov 11, 2009 11:13 pm

    Congressmen or Senators only care if you vote for them; not if you pay 35% or 10%!

    Reply

About This Poll

Created by: karey
October 30, 2009
Feel Strongly about this poll?

Publish it on your site! Its easy and free! You can customize the look of the poll including size, color and fonts. When you are done, simply copy and paste the embed code below into your site.
Customize the look of your poll
Tags: usury, interest rates, credit cards, banks, congress

My Surveys

Create a new Survey Widget with this poll »

This poll is part of the following surveys:


Banks, Lending & Credit Cards Survey
Embed Widget
close  I read and accept the Terms and Conditions of Use

If you read the agreement, but you would like to remove the banners or links to Qwanz.com from the widget, please Contact Us

Related Business Topics

See All »
About Qwanz
Tools and Resources
My Account / Community

Copyright © 2010  Qwanz LLC, All Rights Reserved