Cable Forum - Mastercard sued for £14bn in damages.

Quote:

Originally Posted by pip08456 (Post 35858638)

Usury.

"A loan may be considered usurious because of excessive or abusive interest rates or other factors."

https://en.wikipedia.org/wiki/Usury

1) it's not a loan, it's a charge to retailers.
2) Banks charge for handling cash anyway
3) There is the cost of people not paying off their debts
4) There is the infrastructure costs
5) There is the added costs of liabilities because of the Consume Credit Act
And there are probably more