CBF seeks ‘intervenor’ status in case to defend restrictions on predatory lending
advocacy / Newsroom / Payday

CBF seeks ‘intervenor’ status in case to defend restrictions on predatory lending

FOR IMMEDIATE RELEASE September 19, 2018 Media Contacts Aaron Weaver | aweaver@cbf.net | 770-220-1610 Jeff Huett | jhuett@cbf.net |  202-680-4127 DECATUR, Ga. — Continuing its efforts alongside pastors, churches and Global Missions field personnel to reform predatory lending practices, the Cooperative Baptist Fellowship has requested to join litigation to defend a regulation intended to restrict industry … Continue reading

CBF Advocacy celebrates survival of payday lending rule
Payday

CBF Advocacy celebrates survival of payday lending rule

CONTACT Aaron Weaver, aweaver@cbf.net DECATUR, Ga. — Stephen K. Reeves, associate coordinator of partnerships and advocacy for the Cooperative Baptist Fellowship, released the following statement following news that the Consumer Financial Protection Bureau’s rule providing protections to millions of American consumers from the predatory practices of payday lenders has survived an attempted repeal in Congress. Today … Continue reading

CBF’s Reeves comments on Community Financial Services Association of America Annual Conference
General CBF / Payday

CBF’s Reeves comments on Community Financial Services Association of America Annual Conference

Stephen Reeves, CBF’s Associate Coordinator for Partnerships and Advocacy, released the following statement in opposition to the Community Financial Services Association of America Annual Conference in Miami, Fla. The Community Financial Services Association of America is an association representing non-bank lenders who offer small-dollar credit products such as payday loans. CBF is a sponsoring organization … Continue reading

CBF Advocacy expresses disappointment at CFPB decision  to reconsider payday lending rule
advocacy / General CBF / Newsroom / Payday

CBF Advocacy expresses disappointment at CFPB decision to reconsider payday lending rule

January 17, 2018 By Aaron Weaver DECATUR, Ga. — CBF Advocacy leader Stephen K. Reeves expressed disappointment at news that the Consumer Financial Protection Bureau, led by acting director Mick Mulvaney who also serves as President Trump’s budget director, plans to reconsider a recent rule to curb payday and auto-title lending. The new rule, which … Continue reading

CBF Advocacy releases analysis of new federal rule on payday lending
General CBF / Payday

CBF Advocacy releases analysis of new federal rule on payday lending

By Stephen K. Reeves On October 5, the Consumer Financial Protection Bureau (CFPB) announced the release of a long-awaited final rule addressing short-term payday and auto title lending nationwide. CBF has made the fight for reform of these 400% interest rate debt-traps a focus of our initial advocacy efforts. The rule represents years of work … Continue reading

CBF’s Reeves comments on new federal rule to reign in predatory lending
General CBF / Payday

CBF’s Reeves comments on new federal rule to reign in predatory lending

October 5, 2017 DECATUR, Ga. — Stephen K. Reeves, who leads the advocacy efforts for the Cooperative Baptist Fellowship, commented on the long-awaited rule from the Consumer Financial Protection Bureau (CFPB) to rein in the payday and auto-title loan industry. The CFPB’s rule announced today aims at stopping payday debt traps by requiring lenders to … Continue reading

Speak out for predatory lending reform — the time is NOW
General CBF / Payday

Speak out for predatory lending reform — the time is NOW

Critical and Historic Moment for Predatory Lending Reform YOUR Voice is Needed TODAY! Go here TODAY to tell the Consumer Financial Protection Bureau you want a strong rule to protect borrowers nationwide from predatory lending. For tips and suggestions on making an effective comment, click here. The Cooperative Baptist Fellowship began coordinated advocacy and public witness efforts at the … Continue reading