History on Predatory Banking & Payday Lending

History on Predatory Banking & Payday Lending

“Usury is just a serious sin: it kills life, tramples regarding the dignity of men and women, is a car for corruption and hampers the most popular good. Additionally weakens the social and financial fundamentals of the nation. ” -Pope Francis, Address to Members of the nationwide Council of Anti-Usury Foundation, 3, 2018 february

BACKGROUND benefiting from the economic stress of susceptible people and communities features a long history. Unscrupulous and exploitative banking has existed through the usury condemned within the Bible towards the redlining of minority and bad areas into the ‘60s and ‘70s. Continuar lendo History on Predatory Banking & Payday Lending