Predatory Lending

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When used responsibly, credit can be a blessing. Scripture upholds principles of just and honest commerce, while prohibiting usury, exploitation and oppression of those in need. This includes predatory lending in which vulnerable people with immediate financial needs are lured into short-term, high interest loan agreements that are rolled over from paycheck to paycheck. We engage in the Faith for Just Lending coalition as part of our advocacy work in this area.

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Predatory Lending Resources

Statement
April 28, 2017

Strong Rule for Predatory Lending

Statement
June 2, 2016

New Rules on Small Dollar Loans

National Association of Evangelicals Resource
Press Release
October 23, 2014

NAE Takes on Payday Loans