this post was submitted on 06 Feb 2024
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[–] unreasonabro@lemmy.world 20 points 7 months ago* (last edited 7 months ago) (1 children)

there's certainly no reason to ever give a whit of credit (no pun intended) to anything any financier ever says. The other day there was a muppet on the radio rambling about how if the Canadian government limits interest rates to 35% as they're discussing doing, banks won't be able to make enough money to be able to loan it out. Usury is anything above 3%, just in case you didn't know. Now the entire culture is usurious; usury is the standard, ergo we don't use the word any more.

[–] JasonDJ@lemmy.zip 8 points 7 months ago (1 children)

I used that word against BoA for a $35 overdraft on half a dunks coffee. It felt apt at the time but I’m pretty sure nobody knew what it meant.

[–] Rodeo@lemmy.ca 2 points 7 months ago

With all due respect it was not so apt as usury is specifically charging interest, not fees.