Articles related to Predatory Lending


Baptists Praise Rule to Curb Payday Loan 'Debt Traps'
Baptists Praise Rule to Curb Payday Loan 'Debt Traps'

By: Zach Dawes
Baptist leaders praised the final version of a rule, released by the Consumer Financial Protection Bureau on Oct. 5, that seeks to end "debt traps" within the payday loan industry.

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Payday Loans and Predatory Lending Resources
Payday Loans and Predatory Lending Resources
This free resource sheet provides resources to congregations for related to payday loans and predatory lending practices.
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3 Ways You Can Help Prevent Financial Exploitation of Poor
3 Ways You Can Help Prevent Financial Exploitation of Poor

By: Kathryn Freeman
One way Christians can pursue justice for the poor and vulnerable is to speak out against the payday and auto title lending industry, which lends money at an unreasonable rate.

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8 Ways Your Church Can Help Folks Escape Debt Trap
8 Ways Your Church Can Help Folks Escape Debt Trap

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.

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Faith Community Fights for Payday Lending Reform
Faith Community Fights for Payday Lending Reform

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.

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Taking Seriously Trump's Call to Work Together
Taking Seriously Trump's Call to Work Together

By: Zach Dawes
No matter how we voted or how we feel about the results, President-elect Donald Trump's call to "bind the wounds of division" and "to come together as one united people" should be applauded and embraced.

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Microfinance Industry: Predatory Lending Practices?
Microfinance Industry: Predatory Lending Practices?

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?

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Reforms to Payday Loan Industry Deserve Church Support
Reforms to Payday Loan Industry Deserve Church Support

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.

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Auto Title Loans Often Result in Debt Cycles, Seized Vehicles
Auto Title Loans Often Result in Debt Cycles, Seized Vehicles

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.

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Payday Loans a Key Focus in Consumer Protection Report
Payday Loans a Key Focus in Consumer Protection Report

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.

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How Will Your Church Stand Against Predatory Lenders?
How Will Your Church Stand Against Predatory Lenders?

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?

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Why Would Jesus Want to Release the Prisoners?
Why Would Jesus Want to Release the Prisoners?

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.

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Stop Payday Lenders from Preying on Poor
Stop Payday Lenders from Preying on Poor

By: Kathryn Freeman
Needing to meet unexpected expenses, many families turn to payday and auto title lenders who are all too happy to profit off of people's misfortune. We need reform to end this exploitation.

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How Some Microfinance Firms Bilk Poor Clients
How Some Microfinance Firms Bilk Poor Clients

By: Hugh Sinclair
While we crack down on predatory payday lenders for giving risky loans with high interest rates to folks who can't afford them, the same practice occurs in some quarters of the microfinance industry.

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Getting Rich on Human Suffering
Getting Rich on Human Suffering

By: Larry Eubanks
Anyone in any industry who seeks to get rich, sometimes excessively so, by taking advantage of human suffering may gain wealth, but only at the expense of their humanity.

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More Baptists Taking Aim at Predatory Lending
More Baptists Taking Aim at Predatory Lending

Not many associate Baptists with opposition to predatory lending, but Baptists in several states have been fighting the wealthy and powerful industry in recent years.

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Baptist Luncheon in Texas Explores Forbidden Topic
Baptist Luncheon in Texas Explores Forbidden Topic

Faith and taxes may be a forbidden topic in many houses of faith, but it was the focus of the Baptist Center for Ethics' annual luncheon during the CBF General Assembly.

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Baptists, White House Officials Discuss Policy Issues
Baptists, White House Officials Discuss Policy Issues

A delegation of 60 goodwill Baptist leaders met with White House officials to discuss issues including the environment, human trafficking, immigration and predatory lending.

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Payday Lenders Enslave Poor in Debt Cycle
Payday Lenders Enslave Poor in Debt Cycle

Payday lenders are often found in poor neighborhoods where they can prey upon those with no or bad credit. Regulating these businesses is an uphill battle for many states.

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Missouri Faith Leaders Take On Predatory Lenders
Missouri Faith Leaders Take On Predatory Lenders

A coalition of community and faith groups is supporting an initiative petition to be placed on Missouri's November ballot to cap the rate of predatory lending at 36 percent.

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Methodist Bishop Repents on Immigration, Calls for Action
Methodist Bishop Repents on Immigration, Calls for Action

An Alabama United Methodist bishop said he was sorry for being inactive while an anti-immigration bill moved into law in his state. He urged 300 Tennessee faith leaders to speak against similar bills in their state.

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Legislators Work to Crack Down on Predatory Lending
Legislators Work to Crack Down on Predatory Lending

The worse the recession gets, the more desperate many people and families become. And the more desperation people feel about their finances, the more urgent it is for legislators to find a way to crack down on the perennial problem of predatory lending.

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Payday Lenders Prey on Working Poor, Let's Pray Christians Work To End Predatory Lenders

Payday lenders are like McDonald's and dry cleaners--good businesses that want good locations to provide ready accessibility to customers who need good financial services. Payday lenders offer a popular product in economically tough times for which customers express overwhelming satisfaction. Only a few complain, according to a payday lending spokesperson.

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'Maxed Out'

Filmmaker James D. Scurlock pulls back the curtain on American debt in "Maxed Out," a documentary "you can't afford to miss," according to promotional efforts.

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Where Do Payday Lenders Go to Church?

Do a Google search for the words "Baptists" and "payday." You will be surprised by what you find and disappointed by what is missing. You will find abundant references to the Baptist preacher R. G. Lee, who preached over 1,200 times the same sermon--"Payday Someday." You will find little evidence that Baptists care enough about predatory lenders to take reformatory initiatives.

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Payday Lenders Boom Where Conservative Christians Exercise Political Power

The predatory practice of payday lenders flourishes in the Bible Belt, the very place where one would think that the piety and morality of church goers would oppose such ventures that charge the poor exorbitant interest rates exceeding those of "the old mafia loan sharking syndicates." That is not the case, according to a new study that maps the correlation of payday lenders and conservative Christians.

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Forgive Us Our Debts

"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.

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