Stories tagged with: predatory lendingFound 4 stories matching your search criteria.
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Payday loan rule flawed, say ERLC, others
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"[W]e need measures that rein in exorbitant interest rates."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).
-- Barrett Duke
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' sinfulNASHVILLE (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 coalitionWASHINGTON (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