'Loan shark' bill lets payday lenders prey on struggling Hoosiers
Hicks: Why are we lowering Indiana's one really low tax?
This bill falls in line with efforts at the federal level to eliminate the Consumer Financial Protection Bureau and the rules that limit bank overdraft fees. Allowing payday lenders, which are already predatory institutions, to prey even more on struggling Hoosiers for profit is immoral, and they know it.
The party that pays lip service to Christian values has a consistent pattern of ignoring the words of Jesus in Matthew 6:24: "No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money."
We need a government that works first and foremost for the very people this bill is designed to exploit. We need a government that is hostile to the demands of greedy industries, not one that falls in line to protect their interests.
Daniel Dougan lives in Indianapolis.
This article originally appeared on Indianapolis Star: 'Loan shark' bill lets payday lenders prey on struggling Hoosiers | Letters
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