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The practice of usury -- lending money at exorbitantly high interest rates -- "humiliates and kills" just like a snake by "strangling its victims," Pope Francis told members of an Italian association dedicated to fighting usury and loan sharking Feb. 3. An average payday loan in the U.S. carries an annual percentage rate of 300-500 percent, according to the Pew Charitable Trusts. (Flickr/Paul Sableman, CC BY 2.0)
The practice of usury "humiliates and kills," Pope Francis said Feb. 3. An average payday loan in the U.S. carries an annual percentage rate of 300-500 percent, according to the Pew Charitable Trusts. (Flickr/Paul Sableman, CC BY 2.0)