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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 in the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, in the state capitol in Frankfort, following a Monday afternoon seminar in the “debt trap” produced 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, used by the nationwide 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 around the world opposing abuses of this cash advance industry aren’t anti-business, but, “if your organization is dependent upon usury, is determined by 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 unique enterprize model.”

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