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
CBF Advocacy continues to work for reform of payday and auto title lending practices. Under new leadership the Consumer Financial Protection Bureau is working to undo strong national regulations before they can even take effect. From now until May 15, the public is encouraged to make a comment about their proposed changes. To do so … Continue reading
August 12, 2015 By Aaron Weaver DECATUR, Ga. — In the Appalachian foothills of southeast Kentucky, Scarlette Jasper, one of Cooperative Baptist Fellowship’s field personnel, is working to educate others about the debt trap that is predatory lending. Jasper, who was commissioned by CBF in 2014 and serves through the Fellowship’s rural poverty initiative, Together … Continue reading
On October 15, Christian leaders from several southern states met and prayed in front of ACE Cash Express, a local payday loan store in New Orleans, La. Together, they called upon these “payday’ or predatory lenders to stop trapping consumers in a never-ending cycle of debt with their unethical and usurious lending practices. Several Baptist … Continue reading