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Religious leaders address the payday loan debt trap

lendjustlyadmin - Mar 13, 2015

Faith for Just Lending Coalition urges CFPB to strengthen proposed payday...

lendjustlyadmin - Sep 6, 2016

Religious Leaders Speak

“We are concerned that our charitable dollars are in fact funding the profits of the payday lenders rather than helping the poor achieve self-sufficiency.”
Bishop Joe Vasquez
Diocese of Austin, Texas

“Jesus wanted people to make a good living, just not take advantage of the poor.”
Pastor Travis Coleman, Jr. Alabama Baptist State Convention President

"Exploiting the working poor with payday lending is an egregious practice that goes against God’s word to help the poor and instead, puts a chokehold on some of America's most vulnerable families.”
Rev. Dr. Billy G. Russell, Pastor Greater Friendship Baptist Church in Minneapolis

“They can tell us that this is just about helping people, but it’s an intentionally crafted defective product that is marketed to the financially unsophisticated. They’re bilking billions of dollars out of poor neighborhoods, and the taxpayers get to clean up the mess.”
Steve Hickey, Pastor, State Representative
(R - South Dakota)

“As evangelicals committed to justice we deeply lament the predatory lending that has disproportionately impacted poor communities. Scripture is clear about its denouncement of usury and calls us to call for laws that defend against it. Silence is not an option.”
Rev. Dr. Gabriel Salguero, Pres., National Latino Evangelical Coalition

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Religious leaders address the payday loan debt trap

Faith for Just Lending Coalition urges CFPB to strengthen proposed payday...