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Stories tagged with: predatory lending

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  • Payday loan rule flawed, say ERLC, others

    by Tom Strode, posted Wednesday, August 31, 2016 (2 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 (2 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 (2 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

  • Payday loans targeted by ERLC, others in coalition

    by Tom Strode, posted Friday, May 15, 2015 (3 years ago)

    Photo by Doug Carlson
    WASHINGTON (BP) -- The Southern Baptist Ethics & Religious Liberty Commission has helped launch a religious coalition seeking an end to the predatory loan industry.

    The ERLC joined with other religious organizations Thursday (May 14) to announce the Faith for Just Lending Coalition at a Capitol Hill news conference. The diverse alliance that includes Baptists, other evangelical Christians and mainline Protestants seeks to raise awareness about predatory lending and to motivate individuals, lenders, churches and the government to help bring an end to the practice. Read More