By: Danny Chisholm University Heights Baptist Church in Springfield, Missouri, has been directly involved in helping people escape "the debt trap" created by payday and title loan companies. Here's how your church can help too.
By: Stephen K. Reeves The faith community has led the calls for reform for the payday and auto title lending industry from the beginning. They've seen the consequences of the excessive interest rates that these businesses charge.
By: Zach Dawes We should praise President Trump's desire to rein in spending and reduce the national deficit, but we should also scrutinize and, when necessary, critique the means by which his administration proposes to do so.
By: Zach Dawes Predatory lending practices within the U.S. payday loan industry are becoming more widely recognized as advocates push for reforms. But how widespread is the problem within the microfinance industry?
By: Danny Chisholm Churches with differing doctrines can come together to support reforms to the payday loan industry so poor people aren't forced into financial slavery over loans of less than $1,000.
By: EthicsDaily Staff Auto title loan borrowers often find themselves in debt cycles, and many have their vehicles seized due to their inability to repay the loan, says a Consumer Financial Protection Bureau report.
By: Dennis Bickers Most churches have no idea what their financial future looks like. Those who do pretend it won't happen to them. Here are five steps your church should take now to secure its future finances.
By: EthicsDaily Staff With federal rules on payday lending expected to be released this spring, the director of the Consumer Financial Protection Bureau recently offered his semi-annual report to a congressional committee.
By: David Kerrigan Debt burdens countless people. Our current economic system isn't working for billions of people, but biblical teaching about the justice of God will dictate how we should live in any economic system.
By: Dennis Bickers Many ministers start their ministry burdened by student debt while earning barely enough to make minimum payments on that debt. The difficult answer is to pay off that debt as soon as possible.
By: David W. T. Brattston Usury is the practice of charging excessively high interest rates on loans instead of being content with repayment of the principal. It was a practice that early Christians held in contempt.
By: Danny Chisholm More than 20,000 payday and car title loan stores operate in our country. Many keep borrowers in a perpetual cycle of crushing debt. How will your church stand against predatory lenders?
By: Ircel Harrison Many young ministers leave seminary burdened with debt. Churches are struggling with declining finances and can't afford to pay appropriate salaries to full-time pastors. Can they afford each other?
By: Hugh Sinclair The microfinance industry is increasingly under a microscope, challenging the wisdom of indebting poor people en masse. While the scrutiny will yield improvements, here are three challenges that remain.
By: James Gordon When students leave universities buried in debt, they have little time to think about changing society. Education has been reduced to a commodity, and students must focus on paying off long-term debt.
By: Hugh Sinclair Microfinance was once all the rage, the capitalist panacea to eliminate poverty. But its mystical lure has evaporated. How could we believe indebting the poor could help them escape poverty?
By: James Gordon 'Austerity' has become quite the buzzword for governments. It's useful to explain why you need to policies that maintain the affluence of the rich and powerful while cutting back on programs that help the poor.
By: Larry Eubanks When Jesus called for the release of prisoners, he was seeking justice for the poor imprisoned because of debt. Today's predatory lending practices essentially enslave people in poverty.
By: Paul Hobson The findings of a British study show that millions of children in Great Britain are suffering worry and anxiety, bullying and going without essentials as their families are trapped in debt.
We must remember and care for our fellow travelers on this beautiful planet and treat them not as competitors, but as if they were Jesus who said that he could be found among the little ones. Proclaiming with Jesus the year of Jubilee is our only hope for restoration.
"The rich rule over the poor and the borrower is servant to the lender." Anyone who has ever been in debt has experienced the truth of this biblical proverb. And let's be honest with each other--debt is something we know about.