Pastor: Ohio legislation, church might help with payday financing

Pastor: Ohio legislation, church might help with payday financing

COLUMBUS, Ohio (BP) — Ohio’s new legislation managing payday lending can be an essential advance, however the church plays an important role in aiding individuals who usually become casualties regarding the predatory industry, Southern Baptist pastor David Gray states.

Gov. John Kasich finalized into legislation July 30 just what some advocates have actually referred to as a model for the united states in addressing abuses by loan providers whom frequently draw the indegent in to a financial obligation trap by asking excessive, and sometimes deceptive, rates of interest. Continue reading «Pastor: Ohio legislation, church might help with payday financing»