I differ with Mr. Sorbo on may topics but would like to agree with him that both payday loans and pawnshop loans carry usurious interest rates that ought to be regulated for consumer protection. Kevin, as God is my witness, I will help you get back your green plastic Kronos Stone.
Reposted from
Kristi Yamaguccimane
Me, storming out of the Hyundai dealership:
Comments
It went from a whopping 60% to 35%.
The number is still outrageously high. And predatory payday loans are exempt from usury laws
Charging interest is specifically prohibited multiple times.
Some consumer financing is well over 100% interest. I don't know how that flies.
I already knew Twitter had become a cesspool, but Christ on a cracker the antisemitism in the responses was off the frickin charts.
This is coded antisemitism.
Of course, Xtian banks had a workaround:a penalty if a loan was not repaid on time, which they discouraged you from doing because they'd make nothing.(& if you did good luck getting another)
He means it's Jewish, and a sin, to charge interest. That's all he's signalling here.
Much in the same way as Hegseth is restoring Confederate names to army bases but pretending they're being named after unknowns who had the same names.
Historically, the church considered any charge of interest usury. It was only because It itself became dependent on loans and allowing lending that it created a separate category called interest.
All forms of interest charge or corrosive delivering only in degree. There […]