Screwing the poor
Utah likes to see itself as a moral and ethical leader, a shining symbol of integrity in America, you know, like a loan shark.
A University of Utah law professor says the "payday" lending industry, which charges interest rates often twice those of mob loan sharks, is more prevalent in Utah and other conservative Christian strongholds.
The U's Chris Peterson's research will be published in the Catholic University Law Review:
"A generation ago, populist Christian leaders were among the most aggressive opponents of usurious lending. But today, many Christian leaders take large campaign contributions from the credit industry and no longer support the biblical injunction against usury in public life."Fun fact: Salt Lake County Republican Party Chairman James Evans, a former state senator from Rose Park, owns several payday loan businesses.
0 Comments:
Post a Comment
<< Home