Members of the Faith for Just Lending coalition support a strong small dollar lending rule from the CFPB. We are disappointed and concerned with the recent move to weaken the all-important ability to repay standard in the rule as finally proposed in October of 2016. The Cooperative Baptist Fellowship has created a short summary of…
February 7, 2018 Read the statement from Faith for Just lending sponsors here.
August 16, 2016 Faith for Just Lending sponsors express concern and urge the Consumer Financial Protection Bureau to strengthen the proposed payday rule in a letter to CFPB Director, Richard Cordray. Read the statement from Faith for Just lending sponsors here.
Tom Strode Baptist Press August 31, 2016 WASHINGTON (BP) — The Southern Baptist Convention’s ethics entity and other members of a diverse religious coalition have urged the federal government to strengthen a proposed rule to regulate the predatory lending industry. The Ethics & Religious Liberty Commission (ERLC) united earlier this month with other organizations in…
North Dallas Gazette August 16, 2016 WASHINGTON, D.C. – Representing diverse theological views from across the country, today faith leaders united their efforts to take a single message to Capitol Hill. Faith & Credit Roundtable and members of the Faith for Just Lending coalition together called for stronger regulation to close what they believe are…
Anyra R. Cano-Valencia / Christianity Today / JUNE 30, 2016 A youth minister and advocacy outreach specialist for the Cooperative Baptist Fellowship shares her introduction to the suffering that payday loans can cause. Anyra Cano-Valencia recounts the challenges of assisting a church member caught in the payday lending trap and encourages church members to support work being…
Yuki Noguchi / NPR / June 16, 2016 / “A few years ago, a man came to pastor Wes Helm at Springcreek Church in Garland, Texas, and opened up about his financial troubles. Helm looked through his budget and noticed one major monthly expense: a payday loan fee three times more than the amount of the loan…
Mark Oppenheimer, “Beliefs” columnist for the New York Times, informs readers about the diverse Christian coalition that has united against predatory lending practices, and about the new proposal of the Consumer Financial Protection Bureau to regulate payday and other high-cost installment loans. ““I can’t remember exactly what I needed a loan for,” Mr. Drewery said,…
PE News June 3, 2016 George O. Wood – general superintendent of the Assemblies of God (USA) and chair of the World Assemblies of God Fellowship – explains the moral imperative of reforming payday lending in response to the Consumer Financial Protection Bureau’s new federal rule for “small-dollar lending.” Today in Kansas City, Missouri,…
Opinion by Pastor Phil Snider Springfield News-Leader May 26, 2016 Over the last few years I’ve been part of several conversations related to predatory payday lending reform in Missouri, and as these reforms continue to move forward at a rapid pace — even in the face of big money interests that don’t have the well-being…