Payday Lending Links


Today, I made a presentation on payday lending at Evangel University’s Compassion Symposium. First, here’s a video from Pew Charitable Trusts that explains how payday lending works: Here’s an additional video about who uses payday loans and why: I referenced the following Scriptures: The Old Testament prohibits the people of God from charging interest on loans to fellow Israelites: Exodus 22:25; Leviticus 25:36–37; Deuteronomy 23:19–20; Nehemiah 5:1–19; Psalm 15:1, 5; Ezekiel 18:8, 13, 17; 22:12. The New Testament promotes an ethic of koinonia, “fellowship.” That fellowship has an economic component to it, an ethic of sharing. See, for example: Acts … Continue reading Payday Lending Links