Usury law's have been done away with or the banks have moved their accounts to the West to skirt around the Usury law's that were once in place to restrict outrageous interest rates. The full Congress and Executive Branch should be required to enact new and stronger law's to restrict lending institutions the ability to raise rates "at will" or above a reasonable and responsible rate..
Why is this important?
Usury law's have been done away with or weakened to allow banks to charge outrageous interest rates. Congress should write new laws reinstating the Usury Law's and the .Justice Department should have the ability to enforce any Usury law's still on the books.
