[Payday lenders expected to face stricter rules BBC London] "The government wants to impose strict rules on payday loan companies. 

Stricter rules for high-cost, short-term lenders are expected to be announced by the government.

After a year-long investigation by the Office of Fair Trading (OFT), it is thought lenders will face advertising curbs and be under closer supervision.

Many payday lenders' adverts feature heavily on television and the internet.

The loans are supposed to be of hundreds of pounds for a few weeks, but interest rates can amount to thousands of per cent on a yearly basis.

The new rules are intended to make sure that firms do not take advantage of people who are already struggling with debt..." Full text: Payday lenders expected to face stricter rules



[The Single-Minded Christian by John MacArthur] "The Bible does not forbid the possession of money. In fact, many in the Bible--Job (Job 1:3), Abraham (Genesis 13:2), Isaac (Genesis 26:12-13), Jacob (Genesis 30:43), Boaz (Ruth 2:1), and Solomon (1 Kings 10:23)--were extremely wealthy as a result of God's blessing. But the Bible does forbid an affection formoney with this warning: "the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs" (1 Timothy 6:10).

When you love money and things, you will forget God (Proverbs 30:9), trust your riches rather than Him (Job 31:24-28), buy in to deception (Mark 4:19), compromise convictions (2 Timothy 4:10), be proud (Deuteronomy 8:14), steal from God (Malachi 3:8), and ignore the needs of others (1 John 3:17). Love of wealth and possessions will cause you to pursue them illegitimately by stealing (Ephesians 4:28)--whether through force (1 Kings 21:1-16), through fraud (Amos 8:5), or through usury (Psalm 15:5; Proverbs 28:8)--or by gambling, an irrational trust in chance rather than the kind providence of God.

If you want to avoid the sins that accompany the love of money, Jesus prescribes a single-minded attitude toward wealth and possessions..." Full text: The Single-Minded Christian by John MacArthur

Also see:

What does the Bible say about lending money? Why is it sometimes unwise to lend money?