The psalm this past Sunday, Ps 15:2-3, 3-4, 4-5 is a reflection on Ezekial 18:5-9, a description of a man of virtue. This one line from that reading hit me, simply because I have credit card debts that are years old, that I’ve been trying to pay “forever”.

In California, the legal rate of interest is 10% for consumers; the general usury limit for non-consumers is anything over 5% greater than the Federal Reserve Bank of San Francisco’s rate, yet I have credit cards that charge way over 20%!

How can they do that? According to State Interest Rates & Usury Limits, in 1980, the federal government passed a special law which allowed national banks to ignore state usury limits. They are the ones that issue the credit cards and charge over 20% interest on them.

What they are doing may be perfectly legal, but I wonder what God will say to the people who work for those banks when judgment day roles around?