Usury laws are designed to protect consumers from

Question

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Usury laws are designed to protect consumers from companies charging excessive interest rates on loans. It aims to prevent lenders from taking advantage of borrowers who may have limited financial options or may not fully understand the costs of borrowing. The other options listed - obtaining loans to gamble on credit, taking insurance polices out on the life of another, and professionals practicing without valid licenses - do not strictly fall under the category of usury laws.

Usury Laws Are Designed to Protect Consumers from