Christians Expect Both Government Regulations and Church Involvement to Address The Issue of Payday Lending WASHINGTON, D.C. — Faith for Just Lending (FJL), a diverse coalition of faith-based organizations, announced April 13 the results of new polling from Lifeway Research on payday lending, which details congregations’ and borrowers’ experiences with payday loans. The Lifeway survey data of 1,000 Christians … Continue reading
July 7, 2020 By Aaron Weaver DECATUR, Ga. — Cooperative Baptist Fellowship leaders spoke out against the decision announced today of the Consumer Financial Protection Bureau to remove borrower safeguards intended to ensure that vulnerable consumers have the ability to repay short-term, high-interest “payday” loans. “For nearly a decade, the Cooperative Baptist Fellowship has sought … Continue reading
U.S. House Financial Service Committee to Vote on Reform Bill On this GIVING TUESDAY…Give your member of Congress a call! Contact Committee Members TODAY! As CBF Advocacy continues our work for reform of payday and auto title lending practices we are encouraged by positive steps in Congress. On November 12, a bipartisan bill was introduced … Continue reading
FOR IMMEDIATE RELEASE February 6, 2019 Media Contact Aaron Weaver | aweaver@cbf.net | 770-220-1610 DECATUR, Ga. — Responding to the Consumer Financial Protection Bureau’s announcement today that it plans to remove borrower safeguards intended to ensure that vulnerable consumers have the ability to repay short-term, high-interest “payday” loans, Stephen K. Reeves, associate coordinator of partnerships … Continue reading
By CBF Advocacy Stephen Reeves, CBF Associate Coordinator of Partnerships and Advocacy, led a delegation Jan. 22 of national religious leaders to meet with the newly confirmed Director of the Consumer Financial Protection Bureau Kathy Kraninger and several senior officials. The delegation consisted of members of two coalitions, Faith for Just Lending and the Faith … Continue reading
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
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
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
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
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
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