Pramila Jayapal Quotes

I was absolutely astonished and could not believe my eyes at the outrageous interest rates that people in need have to pay to get loans.

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.

Can't make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it.

What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.

We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.

It’s going to put people into indentured servitude to the credit card companies.

My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.

Man was lost if he went to a usurer, for the interest ran faster than a tiger upon him.

There are 43 million people who are locked into predatory student loan debt, from which there is no exit.

We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did... It is not a panacea.

Usury once in control will wreck the nation.

People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.

Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.

The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.

There were absolutely circumstances where Sallie Mae was working hand-in-hand with for-profit schools and other schools in offering and putting students into risky expensive subprime loans.

Give a man a fish and he'll eat for a day. Give a man a sub-prime fish loan and you're in business, buddy.

Just like credit card companies, or those student loan people. Now there's evil for you.

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows.

The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.

Borrowing is not much better than begging; just as lending with interest is not much better than stealing.

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.

The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.

Making loans accessible to millions of the previously unbankable customers is a noble goal. Getting them hooked to such loans isn't.

Credit card interest payments are the dumbest money of all.

Those who devour interest will not stand except as stands one whom Satan has driven mad by his touch