This makes loan sharks look like your local credit union.

> The Flex Loan, a new type of payday loan pioneered by Advance Financial in Tennessee, allows residents to borrow up to $4,000 at a 279.5% interest rate. It has burdened low-income borrowers while generating huge profits for lenders.

https://www.propublica.org/article/flex-loans-tennessee-advance-financial

#BadEconomy #Tennessee #corruption #exploitation #usury #poverty

Sicilianews24.it: Usura e autoriciclaggio con metodo mafioso a Caltanissetta

I Carabinieri di Caltanissetta hanno eseguito una ordinanza di custodia cautelare, emessa dal Gip su richiesta della Direzione distrettuale antimafia (Dda) locale, nei confronti di due persone già detenute e ora formalmente indagate per usura e autoriciclaggio aggravati dal metodo mafioso. Il provvedimento prevede anche il sequestro preventivo di beni riconducibili agli indagati.
Accuse pesanti e tassi usurari altissimi

L'articolo Usura e autoriciclaggio con metodo mafioso a Caltanissetta sembra essere il primo su Sicilianews24.it.

Wear and tear and money laundering with a mafia-style method in Caltanissetta.

The Carabinieri of Caltanissetta executed an order for precautionary custody, issued by the Gip (Public Prosecutor's Office) at the request of the local Anti-Mafia District Directorate (DDA), against two individuals already in detention and now formally investigated for aggravated usury and money laundering, compounded by a mafia method. The order also includes the precautionary seizure of assets linked to the suspects.

Heavy charges and very high usury rates.

The article "Usury and money laundering with a mafia method in Caltanissetta" appears to be the first on Sicilianews24.it.

#Caltanissetta #Carabinieri #Usury #first

https://www.sicilianews24.it/usura-e-autoriciclaggio-con-metodo-mafioso-a-caltanissetta-824309.html

It’s rare that machine-generated output is a compelling read, but here it goes.

On #usury and #interest:

https://claude.ai/share/5d46b637-1983-4942-93a8-921627d9d79a

"Jewish moneylenders occupied a specific social niche in medieval Christendom for complex reasons that have nothing to do with the theological argument itself."

(1/3)

"the assets of British banks ‘mostly consist of claims on other banks. Their liabilities are mainly obligations to other financial institutions. Lending to firms and individuals engaged in the production of goods and services – which most people would imagine was the principal business of a bank – amounts to about 3 per cent of that total.’"

It's not for nothing that the medieval church -- like modern Islam -- considered #Usury a sin. It is one.

https://www.lrb.co.uk/the-paper/v46/n17/john-lanchester/for-every-winner-a-loser

Augustine of Hippo was an African bishop, writes on heresies, and quotes 1 Cor 6:10 & Eph 5:5 to insist that the covetous, extortioners won’t inherit the kingdom.

Would it be fair to say that the modern church is in open rebellion against this teaching? Even if we clarify it’s not a wooden legalism against any interest at all.

How can you repent of covetousness?
#christian #usury #augustine

Meanwhile, in the #BadEconomy across the pond, but this is applicable in the U.S. too.

> 'I use buy now, pay later for groceries and other essentials. I'm £3k in debt' https://www.bbc.com/news/articles/cql94yr4y7vo

Folks, avoid BNPL like a plague. Seek out help resources as needed.

#exploitation #corruption #usury

Bắt nhóm cho vay nặng lãi 350–528%/năm ở Đồng Nai, quảng cáo công khai trên Facebook. Công an khám xét, tạm giữ nghi phạm. #tin_nhanh #Tintuc #Facebook #baochi #breaking #VietnamNews #usury #DongNai

https://vtcnews.vn/bat-nhom-cho-vay-nang-lai-528-nam-chay-quang-cao-tren-facebook-ar986038.html