Christians Take Aim at Predatory Lending
More than three-quarters of Christians in states where there is little to no regulation of payday lending believe that predatory lending is a "sin," according to a LifeWay Research survey released Wednesday afternoon.
Predatory loans, money loaned at outrageously high interest rates regardless of the person's ability to pay back the loan and interest, has ruined many lives and families across the United States and Christian leaders are calling on state lawmakers to step in and create regulations like interest rate caps so more families aren't victimized.
According to LifeWay's research, as many as 77 percent of self-identified Christians believe "it is a sin to loan someone money in a way that the lender gains by harming the borrower financially."
