"[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