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.

To a majority of Christians, those who provide payday loans, with their three-digit interest rates, are sinners. That’s among the findings of a new poll conducted by LifeWay Research , a Nashville-based Christian group, that surveyed 1,000 self-identifying Christians in 30 states with no regulations on payday lending.

Elaina Ramsey 12-06-2012

Religious groups are giving the payday lending industry a run for their money.

Beth Newberry 11-27-2012

The new Louisville Loan Club is a way to protect people from the shark pool of payday lenders.

Jim Wallis 02-09-2011
Yesterday, Elizabeth Warren and the new Consumer Financial Protection Bureau convened their first roundtable of religious leaders at the White House. Why does this matter?
Ben Lowe 05-18-2010
In a frank admission a year ago, Senator Dick Durbin put it bluntly: "Frankly, the banks run this place." Perhaps they deserve to. After all, they pay enough for the privilege.
Edith Rasell 05-04-2010
As someone who lives in Cleveland -- which in some years is identified as the poorest city in the U.S.