Baptists in Kentucky help cap on pay day loans

Baptists in Kentucky help cap on pay day loans

Speakers at a press meeting within the capitol rotunda included Chris Sanders, interim coordinator associated with the KBF, moderator Bob Fox and Scarlette Jasper, used 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 during the Decatur, Ga.,-based CBF, stated Cooperative Baptists in the united states opposing abuses associated with cash advance industry aren’t anti-business, but, “if your organization is dependent upon usury, depends 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 brand new business structure.”

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