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| Title in English | Why Usury Limits Prevent Sub-prime Borrowers from Obtaining a Loan |
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| Authors | |
| Year of publication | 2010 |
| Type | Article in Proceedings |
| Conference | COFOLA 2010: the Conference Proceedings |
| MU Faculty or unit | |
| Citation | |
| Web | http://www.law.muni.cz/sborniky/cofola2010/files/slabi/Schweigl_Johan__1591__-_lEDA_POLE.pdf |
| Field | Law sciences |
| Keywords | Interest Rate Controls; Sub-prime borrowers; Usury Limits |
| Description | The author of this article has focused on assessing the impacts of interest rates controls – usury limits. Briefly outlining the theory of interest, he shows the tendencies towards strict regulation of maximal interest rates. Notwithstanding that such regulations have often been justified by thein alleged benefits for low-income clients, usury limits bring a number of unfavorable consequences which actually hurt those who were supposed to be protected by such limits. Further the author pinpoints that as a result of these regulations, the low-income clients may be deprived of a chance to obtain a loan legally and thus have to turn to illegal alternatives. |
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