CBF leaders speak out against rollback of ‘payday’ loan regulation
advocacy / Newsroom / Payday / Predatory Lending

CBF leaders speak out against rollback of ‘payday’ loan regulation

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 field personnel fights predatory lending in southeast Kentucky with education and advocacy
Newsroom / Payday / Predatory Lending

CBF field personnel fights predatory lending in southeast Kentucky with education and advocacy

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

“They said it’s a loan. It’s a lie” — Baptists gather in New Orleans to protest payday loans
Payday / Predatory Lending

“They said it’s a loan. It’s a lie” — Baptists gather in New Orleans to protest payday loans

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