Senderliste Samsung Astra Hotbird Skype. For much of human history usury laws have been in place -- rules that prohibit charging unreasonably high rates of interest on loans. Christianity, Islam and Judaism all prohibit the practice because usury takes advantage of others and is unfair. For many years the United States had state usury laws which kept interest rates low. Then came the 1978 Supreme Court decision Marquette v.

Borderlands 1.3 1 Patch Cracked. First of Omaha Service Corp., which blew the lid off interest rate ceilings. The court ruled that rates could be decided based not on where the borrower lived, but where the credit decision was made -- essentially, banks could 'export' their interest rates by setting up operations elsewhere. In states like South Dakota and Delaware, which eliminated interest rate caps, banks set up credit card operations, loaned out billions and And for most of the next three decades, Congress approved further During the late '70s when the Marquette decision came down, inflation was high, banks were bound by usury laws, and they paid more to borrow money than they made lending it out. But the prime rate peaked in 1980 -- 21.5 percent -- and today it's near a historic low.

But the prime rate peaked in 1980 -- 21.5 percent -- and today it's near a historic low. Yet interest rates on credit cards haven't come back down. Up to 55 days interest free. Access cash with your card: Call 0861 729 727 to find out how. Annual Interest Rate: 20.75%. Initiation fee R100.