Let me make it clear about Baptists in Kentucky help cap on pay day loans

Let me make it clear about Baptists in Kentucky help cap on pay day loans

People of the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, in the state capitol in Frankfort, after a Monday afternoon seminar in the “debt trap” developed by payday financing.

Speakers at a press seminar into the capitol rotunda included Chris Sanders, interim coordinator of this KBF, moderator Bob Fox and Scarlette Jasper, utilized by the nationwide CBF worldwide missions division with Together for Hope, the Fellowship’s poverty initiative that is rural.

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

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