People in the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, within condition capitol in Frankfort, after a Monday afternoon seminar about “debt trap” developed by payday financing.
Speakers at a news conference in the capitol rotunda included Chris Sanders, interim coordinator associated with the KBF, moderator Bob Fox and Scarlette Jasper, used by the national CBF worldwide missions office with with each other for desire, the Fellowship’s outlying poverty step.
Stephen Reeves, associate coordinator of partnerships and advocacy in the Decatur, Ga.,-based CBF, said Cooperative Baptists nationwide opposing violations from the payday loans business commonly anti-business, but, “if your company hinges on usury, will depend on a pitfall — whether or not it relies on exploiting the neighbors appropriate when they are at their unique more hopeless and vulnerable — this may be’s time for you to see a new business design.”