SIOUX CENTER, Iowa | A Tuesday forum at Dordt College will examine how payday loans are often used by Iowans. The event will be from 7-10 p.m. at the Dordt College Science Building, Room 1606, 498 Fourth Ave. Northeast, in Sioux Center. Read the full article here.
A pair of panelists who’ll take part in a Monday discussion on payday lending raised warnings about the practice. “We recognize there is a need for short-term loans. But there are socially just ways to do that,” said Katie Thompson of the Washington D.C.-based Center for Public Justice. Read the full story here.
Nate Frierson currently works at the Center for Public Justice. While working for Faith for Just Lending, Nate learned from people around the country how unjust lending practices have increased the hardship of those in poverty. Click below to read Nate’s look at a Biblical perspective on money lending, and an explanation of Christian tradition regarding…
In November, Faith for Just Lending penned a letter to Congressional leadership urging a strong reform, rather than weak limits embodied in some states such as Florida. Florida currently allows interest rates in excess of 300% APR. “Our nation can do better than putting the entire burden on desperate people to ensure they are not being preyed upon.”…