The South Dakota Legislature failed to move a bill that would have capped the interest rate on short term "payday" loans.
Some of these loans, marketed heavily on TV and radio in the state, carry actual interest of 400% (no typo, that's four hundred percent).
With all the things that churches pray, work and fight over, there was little if any Christian noise about this issue. But God is pretty loud about it:
If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
He lends at usury and takes excessive interest. Will such a man live? He will not! Because he has done all these detestable things, he will surely be put to death and his blood will be on his own head. Ezekiel 18:13
And if you lend to those from whom you expect repayment, what credit is that to you? Even 'sinners' lend to 'sinners,' expecting to be repaid in full. Luke 6:34
Yes, I know. We live in an economy where all of us borrow and just about everything runs on credit. But for a long time the Church stood against "usury." For some time, this meant any kind of lending at interest - later, this was interpreted to be "excessive interest."
Even with the later, more permissive definition, what's going on here in SD offends God.
I've already contacted some other Christian leaders and hope to bring this issue back for public attention. Please pray that this wicked practice will be curbed in South Dakota.