The Community Usury Ledger
“We have documented these race-associated differences, year after year, decade after decade, and century after century, and we put the results on the shelf and we don’t ask the deeper question. The deeper question is why?”
The Ledger answers her question. The Ledger is the platform’s public record of extraction — household by household, lender by lender, region by region. It is what we do with the documentation instead of putting it on the shelf.
*The Ledger is a moral record first. It does not claim that every debt above 10% is legally invalid. It names debt above 10% as community harm under the 7YOC community standard and documents how extraction operates in ordinary households.
The 10% line
Any interest rate above 10% is treated as extraction, not lending. That is the line. Below 10%, lending can be a service. Above it, lending is the transfer of wealth from people who cannot afford it to people who do not need it.
Credit cards regularly carry interest rates between 22% and 29%. Payday lenders charge effective annual rates of 300% and up. Subprime auto loans run between 14% and 21%. Rent-to-own arrangements frequently exceed 100% effective annual rates when calculated honestly.
The Ledger documents these. It does not hide them. It does not paraphrase them. It writes them down.
The first entry
The Ledger’s first entry is the founder’s own. He is documenting his own household’s exposure to extraction above the 10% line. He is doing it first because the platform asks people to be honest about their finances and a platform that asks for that honesty has to begin with the founder doing it himself.
The full first entry will be published as a blog post on May 31, 2026, in a piece titled “The first entry on the Ledger is mine.”
How the Ledger works
Beginning July 1, 2026, the Ledger accepts public submissions. A household submits its own data — what it owes, to whom, at what rate, how long. The platform documents it, anonymizes the household’s identifying information, and adds it to the public record.
Where a household qualifies for reparations-funded relief, the platform’s response is to retire the debt. Not refinance. Not consolidate. Retire.
Where the platform cannot yet retire the debt, the household’s documentation still appears on the Ledger. The point is the record.
Until July 1
Until July 1, 2026, this page is a standing page. The public submission form opens that day. If you want to be ready to submit when it opens, write to us through the Help Build This page and we will hold your name.
*The Community Usury Ledger documents money being drained from households through debt above the 10% line. Reparations-funded debt relief — the primary relief mechanism — redirects that drain into community repair: teams, pillar work, household stabilization. This is moral, financial, and community work, and the July 1 call-to-action document will not publish without legal counsel review.