Moneylending at rate of 200% is immoral

No matter how loudly they protest, moneylenders are an affliction tolerated because banning the “business” would just drive it underground and probably impose further hardship on those unfortunate enough to have to rely on one of the 39 “businesses” approved by the Central Bank.

One, according to Kieran Stafford, national director of St Vincent de Paul, legally charges 187% in interest.