By IVORY THIGPEN AND CHRIS CHERRY COLUMBIA, SC — Along with wreaths and lights, the streets of Columbia are festooned with another sign that yuletide is upon us: Payday lending storefronts beckoning with signs advertising “quick holiday cash,” and “fast Christmas loans.” As ministers, we are struck to the very core by this type of…
This Christmas, let’s put an end to predatory lending I get nostalgic this time of year; classic Christmas songs like “Silver Bells,” bring to mind images of an entire city decked out for holiday celebrations. Unfortunately, today, as I drive down Hardy Street or up West Pine, it’s not silver bells dotting every corner. On…
CBN.com / By Charlene Aaron / Tuesday, December 16h, 2014 The biggest shopping season of the year is in full swing and many consumers are entering the holidays strapped for cash. Some consumers will max out their credit cards and others may be considering taking out a payday loan. Payday loans, and car title loans…
By Adelle M. Banks | Religion News Service November 19, 2014 WASHINGTON — Dozens of faith leaders and consumer advocates are pressing Congress to create a national interest rate cap for payday lenders instead of the exorbitant three-digit rates currently charged to people in several states. Eighty activists from 22 states came to Washington in…
[View the story “Faith leaders come to DC with a message:#StopTheDebtTrap” on Storify]
