Stories tagged with: payday loans

• Payday loan rule flawed, say ERLC, others

  by Tom Strode, posted Wednesday, August 31, 2016 (8 years ago)

  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. Read More

• Payday loan limits urged by religious coalition

  by Tom Strode, posted Thursday, April 14, 2016 (8 years ago)

  "[W]e need measures that rein in exorbitant interest rates."

  -- Barrett Duke

  WASHINGTON (BP) -- American Christians overwhelmingly support government regulation of the predatory lending industry, Southern Baptists and other religious leaders in a Faith for Just Lending Coalition said Wednesday (April 13).

  Coalition members, in a telephone news conference, pointed to online survey results by LifeWay Research that 86 percent of self-identified Christians in 30 states believe laws and regulations should bar loans at "excessive interest rates." Read More

• Survey: Christians call 'payday loans' sinful

  by Bob Smietana, posted Wednesday, April 13, 2016 (8 years ago)

  

  NASHVILLE (BP) -- Self-identified Christians in 30 states -- from Alabama to Wyoming -- say it's a sin to lend money to someone who can't afford to pay it back.

  Most want the government to protect consumers from loans with excessive interest. Still, 1 in 6 Christians has taken out a high-interest payday loan, while few of their fellow believers know how such loans work or look to the Bible for guidance about fair lending. Read More

• New rules protect military from predatory loans

  by Tom Strode, posted Wednesday, July 29, 2015 (9 years ago)

  WASHINGTON (BP) -- The Obama administration has issued new rules strengthening protections for military service members against predatory lending, a problem Southern Baptists increasingly are addressing. Read More