Neuberger, Doris; Reifner, Udo - 2019 - Revised version Dezember 2019
Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the … contracts. This paper reviews the economic rationale for usury legislation and evaluates the European Consumer Credit Directive …-based pricing, and negative externalities. Contrary to the main focus of the European Consumer Credit Directive, improved disclosure …