Thursday, March 10, 2011
Usury Exemptions for Loans to Fund Lawsuits?
Dante put usurers right on the border between the seventh circle of Hell (for those who commit sins of violence) and the eighth circle (for those who commit sins of fraud). Dante considered usury to be violence against the natural order of God's design for human productivity -- charging money for the use of money was considered an unnatural profit from another's need, an unnatural rendering of something sterile in itself (money) into something fertile (profit).
Of course, the Church gradually came to see interest as reasonable compensation for the risk of not being repaid. But what do you suppose Dante would have made of the companies now lobbying in some states for exemptions from state usury statutes for loans that fund people's personal injury lawsuits?
https://mirrorofjustice.blogs.com/mirrorofjustice/2011/03/usury-exemptions-for-loans-to-fund-lawsuits.html