White House Joins Faith Leaders in Call to Rein in Payday Lenders

White House officials have joined faith leaders in endorsing an end to payday lending abuses that often charge triple-digit interest rates. Valerie Jarrett, Cecilia Munoz, and Jeff Zients, all top aides to President Obama, met April 14 with religious leaders from across the country who described “heart-wrenching stories” of congregants whose lives had been ravaged by payday loans.