Baptists in Kentucky help cap on payday advances

Baptists in Kentucky help cap on payday advances

Speakers at a press meeting into the capitol rotunda included Chris Sanders, interim coordinator associated with KBF, moderator Bob Fox and Scarlette Jasper, utilized by the nationwide CBF worldwide missions department with Together for Hope, the Fellowship’s poverty initiative that is rural.

Stephen Reeves, connect coordinator of partnerships and advocacy during the Decatur, Ga.,-based CBF, stated Cooperative Baptists around the world opposing abuses associated with the pay day loan industry aren't anti-business, but, “if your company is dependent on usury, is determined by a trap — if this will depend on exploiting your next-door neighbors appropriate when they're at their many desperate and vulnerable — then it is time to find a unique business structure.”
Read more