Stop loan sharks with fair lending options, frugal lifestyles, Pope says

Posted February 5, 2018 9:16 pm by Editor

Stop loan sharks with fair lending options, frugal lifestyles, Pope says

VATICAN – Usury is a grave sin that must be fought by building more just and humane economic and financial systems as well as by teaching people to live within their means, Pope Francis said.

The practice of usury – lending money at exorbitantly high interest rates – “humiliates and kills” just like a snake by “strangling its victims,” the Pope told members of an Italian association dedicated to fighting usury and loan sharking.”It is necessary to prevent it, saving people from the illness of debt incurred for subsistence or for saving one’s business,” he told the delegation at the Vatican

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