Across our spiritual traditions, we genuinely believe that financial life will be a way through which GodвЂ™s purposes of security and flourishing for several individuals and creation can be offered. If this will not take place, the church cannot stay quiet. Our company is called to deal with injustice and also to look for alterations in financial life in light for the biblically-grounded imperative of an acceptable, sustainable livelihood for several.
Indiana home Bill 1319, which, among other activities, allows for yearly interest levels on some loans of 222 %, violates our typical dedication to justice and protecting those many vulnerable. Prices in excess of 72 % are thought felony loansharking in present Indiana legislation.