HB 333: My Final Solution (and Post)
CaineMay 1st, 2008
I am proposing my final solution for the Payday Lenders. This is not to say what I propose here is the best solution or even the most practical. I am only saying that this will be my final posting on HB 333. I have other topics awaiting my attention.
However, I must say this series has generated the most feedback, links, and comments than any other. This indicates my “practical theology” approach will eventually work. I just want to lay more groundwork before embark on similar topics in the future.
In the course of this series, I have defended the practices and existence of the Payday Lenders against the well-intentioned, but never-the-less dangerous, pulpit promotion by pastors of Ohio HB 333; a law to limit the interest rates charged by the Payday Lenders. You can read my arguments against their polemic here, here, here, here, and here.
However, my efforts in this area should not be taken that I think an interest rate of 391% is a good thing. I do not. I just don’t think the approach of passing legislation in this regard is the correct approach. The goal should not be to use Caesar to put an arbitrary interest limit on the Payday Lenders; the goal should be to make the borrowers more credit worthy.
Posted in Culture, Rants | 1 Comment »


