Freshman Congresswoman Alexandria Ocasio-Cortez from New York and Vermont Senator Bernie Sanders continue to quote the biblical justification for their proposed Stop Loan Sharks Act,challenging religious people on both sides of the political divide to support their efforts to limit the interest rates banks may charge in the United States, Newsweek reports.
The far-reaching legislation would cap interest rates on credit cards and essentially eliminate the payday loans industry as it currently exists, or in addition to reforming some other aspects of the financial services industry. In addition to creating rules meant to curtail tall interest rates,the proposed legislation would also create a framework in which post offices could provide simple financial services to those in need, further cutting potentially predatory banks out of the equation.
In an effort to compose the case for the bill, or Ocasio-Cortez recently implored the religious moral to support their efforts on biblical grounds.
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Source: inquisitr.com