Cooperative Baptist Fellowship
CBF is …
Letter to Congressional Subcommittee
Today, February 11th, the House Subcommittee on Financial Institutions and Consumer Credit will convene a hearing on payday lending regulation entitled “Short-term, Small Dollar Lending: The CFPB’s Assault on Access to Credit and Trampling of State and Tribal Sovereignty.” Most of the witnesses who will testify have close ties to or represent the payday lending industry.…
Iowa: Catholics and evangelicals unite against payday loans
27 January 2016 | by CNS , Megan Cornwell Opposition to the high-interest loans in US is big election issue for religious Ahead of the Iowa caucuses that begin the formal process of picking the Republican presidential contender, the public policy arm of Iowa’s Bishops’ Conference and an Iowa-based evangelical organisation are working together…
Springfield church, credit union create payday loan alternatives for area poor
Springfield, Missouri church and credit union commit to work together to provide lower-interest loans options as alternatives to “predatory lending institutions. Read the entire story here at the Springfield News Leader.
Churches ready to resume fight against payday lenders
A statewide coalition of religious groups is gearing up in 2016 for another fight for regulatory curbs on high-interest payday and title loans in Alabama. Canterbury United Methodist Church in Mountain Brook will host a two-part social justice series called “Payday and Title Reform in Alabama” to discuss predatory lending practices in Alabama. Read the…
Black Church Leaders Launch National Strategy to Address Payday Lending
*Somerset, NJ – Last Friday at the 4th Annual Dfree® Financial Freedom Conference, hundreds of Black church leaders from around the nation gathered to launch a national strategy to end short term, high interest lending (known as payday loans), that has undermined financial capacity among many Black Americans. Read the entire story here.
Religion & Ethics Newsweekly on Payday Lending
In response to payday lending practices, churches have started programs to help the poor escape their debt. Correspondent Lucky Severson reports from Birmingham, Alabama on lenders who target and trap the most vulnerable. Click here to read the transcript at pbs.org.