The interim leadership of the Consumer Financial Protection Bureau has decided to reconsider regulatory rules for short-term, high-interest borrowing commonly known as payday lending. The federal agency, which was created in response to the financial crisis of 2007-2008 and the…
Leaders report progress on task force addressing sexual misconduct by clergy
A Cooperative Baptist Fellowship task force developing guidelines for responding to a wide range of sexual misconduct by clergy is in place and compiling best practices to be shared with churches and partner ministries, according to an update Jan. 11. Pam…
Baptist churches should emulate Black Lives Matter movement, says advocate
A Black Lives Matter advocate fired a shot across the bow of Baptist churches, challenging them and other Christians to embrace Christ’s calling to care for society’s most oppressed. “The story of the church in recent years is that that…
Reins on payday lending called good start
Consumer advocates welcomed new rules proposed by the federal government to rein in abuses in payday lending, a nearly $40 billion industry currently regulated by the states. Regulations released June 2 by the Consumer Financial Protection Bureau, a five-year-old federal…
Faith coalition cites survey condemning payday lending practices
Religious opponents of payday lending got a boost Wednesday from the release of a new research confirming widespread Christian condemnation of the practice. Faith for Just Lending, a diverse coalition of faith groups, released a report titled The Collateral Consequences…