Who repealed usury laws?

Usury laws, which set limits on the interest rates that lenders could charge, were repealed or relaxed in various jurisdictions over time, often due to lobbying by financial institutions and changes in economic policy. In the United States, significant deregulation occurred in the late 20th century, particularly during the 1980s, when many states began to eliminate interest rate caps to promote credit availability. This shift was influenced by a belief in free-market principles and the need to increase competition in the lending market. However, the specific repeal of usury laws varied by state and was not a single legislative act but rather a gradual process.