International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 731
Status : Paper published
Language : Turkish
Topic : Law
Presenter: Assoc. Prof. Dr. Hakan Karakehya
Session : 3D Hukuksal Sorunlar
Usury by Using Credit Card as an Increasing Unlawful Economic Activity in Turkey
Türkiye’de Giderek Artan Hukuka Aykırı Bir Ekonomik Faaliyet Olarak Kredi Kartı Kullanılması Suretiyle Tefecilik
- Assoc. Prof. Dr. Hakan Karakehya (Anadolu University, Türkiye)
Abstract
Usury is regulated in article 241 of the Turkish Penal Code as a crime in the field of the economy, industry and trade. The state aims with the regulation to protect continuation of the economic order in the country. Usury by using credit card is one of the most common committing methods of the usury crime in Turkey. Due to this crime, there are many people in the economic difficulties and too much tax losing for the state, recent years in Turkey. Nevertheless usury by the credit card is getting increase with each passing day, because of the easiness, profitability, being risk-free of the action. Increasing controls and reduction to more reasonable levels of the prescribed interest for the credit card debts will be effective in the fight against the crime.
JEL codes: K14, K42
Karakehya, Hakan (2013). "Usury by Using Credit Card as an Increasing Unlawful Economic Activity in Turkey" in Proceedings of International Conference of Eurasian Economies 2013, pp.932-936, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00731
