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Jesus would condemn Arizona’s extreme interest that is high on automobile name loans

Jesus would condemn Arizona’s extreme interest that is high on automobile name loans

Viewpoint: As pastors, we look after the susceptible. It is why the Arizona is supported by us Fair Lending Act, which limits interest on name loans to 36%.

Predatory lending can harm working families (picture: Ingram Publishing, Ingram Publishing, Getty Images/)

In this year, Christians observe advent – waiting regarding the arrival associated with the one we think arrived to redeem the earth. It’s time of joy, yes.

However it is additionally a right time of expression regarding the evils around the globe. We walk in a darkness of injustice, war, poverty and greed.

As pastors, our company is troubled once we see susceptible congregants preyed upon, including inside their transactions that are financial.

For this reason we offer the Arizona Fair Lending Act, a ballot effort effort that would reduce the attention price on vehicle name loans, to ensure title lending organizations can charge a maximum of 36% yearly interest.