People of the Kentucky Baptist Fellowship rallied Tuesday, Feb. 24, during the state capitol in Frankfort, after having a Monday afternoon seminar regarding the “debt trap” developed by payday financing.
Speakers at a press seminar into the capitol rotunda included Chris Sanders, interim coordinator for 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 of this pay day loan industry aren’t anti-business, but, “if your company depends upon usury, is based on a trap — then it is time for you really to find an innovative new enterprize model. if this will depend on exploiting your next-door neighbors appropriate when they’re at their many desperate and susceptible —”