Faith leaders call for end to abusive payday lending practices

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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 dangerous loopholes in proposed payday lending rules.

In all, 45 faith leaders gathered in defense of financially vulnerable families by calling for a federal interest rate cap of 36 percent that has protected service members and their families since enactment of the Military Lending Act of 2006. The groups seek these same protections for all American consumers.

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