Lending

“Christian theology, however, can cut through partisan debates on loan debt to the underlying moral issues through its teaching on the sin of usury.” - Acton

Lifeway study for Faith for Just Lending: “More than 3 in 4 believe it is a sin to loan money in a way that the lender gains by harming the borrower….Still, 1 in 3 have obtained a payday loan themselves, and a growing number see such loans as helpful.” - Lifeway

“Similar to how payday lending is predatory with astronomically high interest rates and short loan periods, online gambling is designed to line the pockets of the company rather than to promote the common good rooted in the dignity of all people.” - BPNews

“President Joe Biden signed into law June 30 a measure under the Congressional Review Act that rescinded the ‘true-lender’ rule, which enabled payday lenders to collaborate with out-of-state banks and thereby avoid bans on predatory loans in states that had outlawed them.” - BPNews

Why Interest-Free Loans Are Only for the Working Poor for Subsistence Purposes - IFWE