Predatory Lending and Pay Day Loans

“We have forgotten and are still forgetting that over and above business, logic and the parameters of the market is the human being; and that something is men and women in as much as they are human beings by virtue of their profound dignity: to offer them the possibility of living a dignified life and of actively participating in the common good. Benedict XVI reminded us that precisely because it is human, all human activity, including economic activity, must be ethically structured and governed (cf. Encyclical Letter Caritas in Veritate. . . , n. 36). We must return to the centrality of the human being, to a more ethical vision of activities and of human relationships without the fear of losing something.”

Pope Francis, Address to the Centesimus Annus Pro Pontifice Foundation, 5/25/13

Source: USCCB