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1. What is the main purpose of a usury law? Be specific. 2. Why did South Dakota decide to eliminate its cap on interest rates?

1. What is the main purpose of a usury law? Be specific.

2. Why did South Dakota decide to eliminate its cap on interest rates?

3. Why were the usury laws strangling the banking industry? Be specific.

4. Why did Citibank move to South Dakota?

5. In the Citibank example, how did Citi use existing laws to alter its business mode?

6. What was the underlying basis of the Marquette Bank decision?

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