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Rabbi's Warning Cash Advance Business & Predatory Rates

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Rabbi Yaron Reuven Short Torah Clips avatar
Rabbi Yaron Reuven Short Torah Clips

Transcript

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And any rabbi or somebody that pretends to be a rabbi that says that the cash advance business is allowed is only saying it either because they're ignorant about what the business actually is. They just think it's traditional lending like a bank and they don't realize it's predatory rates. They don't realize that people that they're charging people 50 100% interest rates. Or in the second circumstance, they're saying yes knowing that they're charging predatory rates because the rabbi is not really a righteous rabbi. He's a wicked person pretending to be a rabbi and he's going to go to gehennom kaf hakela hibbut hakaber and all the horrible places alongside with all of those people that are doing corrupt business with the nations. Why? Because when a Jew is dishonest with a fellow Jew, it's a sin. But when the Rambam writes that when a Jew is dishonest with the nations, it's a worse sin. It's actually a worse sin to be dishonest or to steal from a non-Jew than to steal from a Jew.