Pastor: Ohio legislation, church will help with payday financing

Pastor: Ohio legislation, church will help with payday financing

COLUMBUS, Ohio (BP) — Ohio’s law that is new payday lending can be an essential advance, nevertheless the church plays an essential part in assisting individuals who usually become casualties regarding the predatory industry, Southern Baptist pastor David Gray claims.

Gov. John Kasich finalized into legislation 30 what some advocates have described as a model for the country in addressing abuses by lenders who often draw poor people into a debt trap by charging exorbitant, and often misleading, interest rates july. [Read more…]