the illegal action or practice of lending money at unreasonably high rates of interest.
The Consumer Financial Protection Bureau, under the Trump administration, takes issue with “unreasonably high” and “illegal.” Under Trump Appointee, Consumer Protection Agency Seen Helping Payday Lenders. Here’s the gem from the 538 significant digits email.
900 percent interest rates
The Consumer Financial Protection Bureau, now led by the anti-CFPB ex-congressman Mick Mulvaney, has put a hold on regulations restricting high-interest rate loans from payday lenders. The agency also dropped a lawsuit against internet lenders charging 900 percent interest rates. [NPR]
How biblical! Here’s some of the Wiki entry.
The cleansing of the Temple narrative tells of Jesus expelling the merchants and the money changers from the Temple, and occurs in all four canonical gospels of the New Testament.
In this account, Jesus and his disciples travel to Jerusalem for Passover, where Jesus expels the merchants and money changers from the Temple, accusing them of turning the Temple into “a den of thieves” through their commercial activities.
Substitute “capitol” for “temple” and you are current on one nastiness coming from Trump and his minions. You gotta wonder about all those evangelicals who support Trump. I guess they’re OK with yet one more violation of the principles embodied in their faith.