It should be noted that while usury is generally d

It should be noted that while usury is generally defined by state law, the federal government may also punish usury as a form of racketeering. The federal RICO act prohibits the collection of “unlawful debts,” which include any loan where the specified interest rate is twice the applicable legal limit. So in this case of a New York loan, an interest rate of 32 percent might trigger a federal prosecution.


http://www.nisarlaw.com/Blog/2014/October/Und...-Rate.aspx