Usury Bible Quotes

If we are going to create a financial system that works for all Americans, we have got to stop financial institutions from ripping off the American people by charging sky-high interest rates and outrageous fees. In my view, it is unacceptable that Americans are paying a $4 or $5 fee each time they go to the ATM. It is unacceptable that millions of Americans are paying credit card interest rates of 20 or 30 percent. The Bible has a term for this practice. It’s called usury. And in The Divine Comedy, Dante reserved a special place in the Seventh Circle of Hell for those who charged people usurious interest rates. Today, we don’t need the hellfire and the pitch forks, we don’t need the rivers of boiling blood, but we do need a national usury law.

The Bible, and virtually every major religion on earth, has a term for this practice. It’s called “usury.” In The Divine Comedy, Dante reserved a special place in the seventh circle of hell for people who charged usurious interest rates.

A psalm of David: (1) ADONAI, who can rest in your tent? Who can live on your holy mountain? 2 Those who live a blameless life, who behave uprightly, who speak truth from their hearts 3 and keep their tongues from slander; who never do harm to others or seek to discredit neighbors; 4 who look with scorn on the vile, but honor those who fear ADONAI, who hold to an oath, no matter the cost; 5 who refuse usury when they lend money and refuse a bribe to damage the innocent. Those who do these things never will be moved.

The bedrock source of ancient condemnations of usury is Deuteronomy in the Old Testament of the Christian Bible. Bracketing here translation disputes, Deuteronomy holds: “Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury”. Yet, it continues, “Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not”. This so-called “Deuteronomic double standard” became a contentious point in the feudal era. It was used to justify lending practices of particular ethnic and social groups such as the Jews and Lombards. A second point of dispute also arose. This was the differentiation between usury and interest.50