Bank Charges

There was once, not so long ago, laws that made the charging of very high rates of interest illegal. Lending at interest is a fact of economic life and has become widespread notwithstanding the prohibitions against usury in the Old Testament, the New Testament and the Koran. When you hire the money you have to expect to pay a hire fee. However, if that hire fee is so high, so excessive, you trap people to whom you have lent, into economic servitude. Continue reading