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Originally Posted by sitonmywhat
Hairy mess.
"Christian financial literacy." Is that anything like "Christian counseling?" "Christian Chemistry?" "Christian Engineering?"
Financial Literacy is Financial Literacy is Financial Literacy.
There are laws against USURY, which is charging EXCESSIVE interest or fees. Of course the churches all condemn it. But all of the department store credit cards charge usurious interest, if you carry a balance. So, it's illegal, but the stupid gummint looks the other way in those cases, just like with Payday Loan Sharks.
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True, but if you're financially literate, you likely won't be paying the excessive interest or fees because you'll be paying off the balance monthly anyway. It's neat how that works.