Baptists in Kentucky help cap on payday advances

Baptists in Kentucky help cap on payday advances

People in the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, during the state capitol in Frankfort, following a Monday afternoon seminar regarding the you could check here “debt trap” developed by payday financing.

Speakers at a press seminar when you look at the capitol rotunda included Chris Sanders, interim coordinator associated with KBF, moderator Bob Fox and Scarlette Jasper, utilized by the national CBF worldwide missions division with Together for Hope, the Fellowship’s rural poverty effort.

Stephen Reeves, connect coordinator of partnerships and advocacy in the Decatur, Ga.,-based CBF, stated Cooperative Baptists in the united states opposing abuses associated with the cash advance industry aren’t anti-business, but, “if your online business is dependent on usury, is dependent upon a trap — if this will depend on exploiting your next-door neighbors appropriate if they are at their many desperate and vulnerable — then it is time to find a unique enterprize model.”

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