Let me make it clear about Baptists in Kentucky help cap on payday advances

Let me make it clear about Baptists in Kentucky help cap on payday advances

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

Speakers at a press meeting within the capitol rotunda included Chris Sanders, interim coordinator associated with 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 around the world opposing abuses associated with the pay day loan industry aren’t anti-business, but, “if your company depends upon usury, varies according to a trap — then it is time for you yourself to find a unique enterprize model. if this will depend on exploiting your next-door neighbors right if they are at their many desperate and susceptible —”

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