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The short explanation of this alert was:

USURY IS WRONG

Stop Predatory Payday Lenders - 36% APR IS ENOUGH

 

Which of you who, if your child asks for a fish, will give him a snake instead?  Or if he asks for an egg, will give him a scorpion?; Luke 11:11-12

 

This is a moral stand, not a political campaign.

 

Join our movement to protect all Virginians from predatory payday lending.  Sign the Faithful Pledge and let government decision makers know that no one should be charged more than 36% APR on any loan.  Loan sharking should never be legalized.

 

God calls us to compassion; to alleviate the suffering of the poor; to speak up for the voiceless; and to protect those who live closest to the edge.

 

Our faith leads us to abhor usury; to reject profiting from another’s vulnerability; to turn away from greed;

 

And our faith compels us to connect our values with the moral issues of the day.

 

We believe that eliminating poverty is a faithful mandate, that creating opportunity for people is an achievable goal, and that to these ends, predatory payday lending undermines our mission. 



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