Wrongful Termination In Violation of Public Policy
A rate of interest on a debt which is exorbitant and in excess of the percentage allowed by law. each state sets its own maximum interest rate. courts will not enforce payment of interest on a loan if the rate is usurious, so a loan may result in being interest free. charging usury as a practice is a crime, usually only charged if a person makes a business of usury, sometimes called “loan-sharking.” banks and other commercial lenders generally are not subject to anti-usury laws, but are governed by the marketplace and the competitive rates triggered by loan rates to institutions set by the federal reserve bank.
