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WDKY Holds that Service Charge on Delinquent Account Violates Kentucky Usury Law!

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PSI, a debt collector, sought to collect a delinquent account from Grace, a consumer who had received medical services in the emergency room of a Louisville hospital. She failed to pay her bill, and when PSI tacked on a 1 ½% per month “service charge,” she filed a usury action and a...

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