(quote) Paul-1049651 said: Of course, lending money at interest is hardly "without any....risk" to the lender. It is because of the risk that people with poor credit records have to pay higher interest than those who already have a record of paying their debts.
I suggest that everyone should read the article; "The Red Herring of Usuary" by David J. Palm.
You can find it here: www.catholic
The Church's teaching on usuary has not changed. But the nature of money has. Therefore, the Church teaches that money can be lent at interest. Lending money at interest is even supported by the words of our Lord, where in the parable he tells the one servant who only returned to the boss man the single coin he was given to do soemthing with while the boss man went elsewhere. "Why did you not put the coin with the bankers so that I might have earned interest on it?" In the Old Testament loaning money at interest to foreigners was approved.
To summerise the Church's position in the most simple terms: is that usury is wrong but lending money at interest is not usury unless an excessive rate of interest is charged or when the loan is made to a poor man making him even poorer.