ACORN pains me
Hundreds of thousands of families across the country are facing foreclosure. Many have already been put out of their homes. How does this happen in America? How is subprime lending (thanks to ACORN, the Community Reinvestment Act and Self-Help, Inc.) allowed to go on for so long before [...]
This is the conclusion of “Payday Loan | Christian Right and Usury in Theory and Practice.”
If you missed the beginning, CLICK HERE.
Yet as Peterson and Graves see it, there is some divergence. Some Old Testament passages appear to state that Hebrews were permitted to make interest-bearing payday loans to non-Jews, [...]
In the academic study “Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation,” Christopher Peterson of the University of Utah and Steven Graves of California State Northridge show via collected empirical data that there’s something quite surprising about the distribution [...]
By Robert Kropp. Attempts by some conservatives to link the Community Reinvestment Act to predatory mortgage lending are shown to be misleading and often false.
Your Cash Advance News Source Quoted With Edits From: Studies Rebuff Charges of CRA Complicity in Financial Crisis (SocialFunds.com)
All Fingers Point towards the Community Reinvestment Act
The [...]