Usury laws carry the potential of hurting

Question

Quizplus · Accepted Answer

Usury laws, which cap the interest rates that lenders can charge on loans, have the potential to hurt both borrowers and lenders. Borrowers may find it difficult to access credit because lenders may be less inclined to offer loans at lower rates, while lenders may see reduced profits or even incur losses if they are unable to charge higher interest rates. However, these laws are in place to protect consumers from predatory lending practices and to promote fair lending standards.

Usury Laws Carry the Potential of Hurting