Monthly Archives: April 2016

Erroneous Interest Calculation Dooms Criminal Usury Defense – Part II

As previously discussed, the method used to calculate an interest rate is a critical part of any usury action. This was again highlighted in a recent a New York state case. The plaintiff had filed an action to recover on a loan it had … Continue reading

Posted in Interest Calculation, New York, State Court, Usury Cap | Comments Off on Erroneous Interest Calculation Dooms Criminal Usury Defense – Part II