People of the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, in the state capitol in Frankfort, following a Monday afternoon seminar in the вЂњdebt trapвЂќ produced by payday financing.
Speakers at a press seminar within the capitol rotunda included Chris Sanders, interim coordinator associated with the KBF, moderator Bob Fox and Scarlette Jasper, utilized by the nationwide CBF worldwide missions division with Together for Hope, the Fellowship’s rural poverty effort.
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 the cash advance industry aren’t anti-business, but, вЂњif your online business depends upon usury, is determined by a trap вЂ” then it is time for you really to find an innovative new business design. if this will depend on exploiting your next-door neighbors appropriate when they’re at their many desperate and susceptible вЂ”вЂќ
The KBF delegation, section of a broad-based team called the Kentucky Coalition for Responsible Lending, voiced support for Senate Bill 32, sponsored by Republican Sen. Read More