The Parish Paper - February 2016: The PayDay Lending Crisis: What Can Congregations Do?
by Dana Horrell
2016, 2 pp
Several years ago, the Rev. Dr. Freddy Hayes III, pastor
of Friendship West Baptist Church in Dallas, noticed
storefront payday lenders popping up like mushrooms,
replacing banks. Getting organized, he and other clergy
testified before the Texas legislature, saying: “If someone
is drowning, instead of throwing them a life preserver
. . . we have thrown them shackles. That is what
the payday industry has done to too many people.”1
Congregations involved in community ministry confront
a new challenge: the payday lending industry.
Financially insecure persons live among us; attend our
churches; and, especially in times of personal crisis, ask
for assistance.
Type | |
Genre | Introductory Reference |
Expression | General Writing/Recording |
Audience | Leaders |
Language | English |
Publisher | Parish Paper |
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