By Bishop Michael Sis
For us, it is vital to think beyond the banners and parades and look at what we are doing as a community and a society to support our veterans as we commemorate VeteranвЂ™s Day and the great sacrifices our veterans have made. a current texas research discovered proof that payday and car title loan shops tend to cluster around veteransвЂ™ facilities in Texas. That is an alarming choosing, given that it illustrates a business that preys upon the economic misfortune of y our veterans. ! Throughout history, governments have actually wanted to guard poor people from exploitative interest levels on customer loans. But, in Texas the rates charged for payday and car name loans have now been permitted to achieve levels that are exorbitant.
When you look at the faith that is catholic, like in many religions, we train that using people dealing with difficulty is a type of theft. By that meaning, Texas is within the center of the criminal activity revolution. Inside our state, payday lenders accumulated $1.4 billion in charges alone in 2013. This really is money that's being taken far from our families and away from our communities. This can be cash perhaps perhaps not being placed on grocery bills, lease, or medical bills. This can be cash being obtained from those least in a position to pay the loss. !