"Ordinary sin is an act of weakness and side-stepping, followed by shame the next day. But when it is the source of prolific income, it is no longer a shame-faced vagabond slinking through the dark, but an army with banners, entrenched and defiant. The bigger the dividends, the stiffer the resistance against anything that would cut them down. When fed with money, sin grows wings and claws."
Walter Rauschenbusch
from A Theology of the Social Gospel, 1917
Showing posts with label justice and capital. Show all posts
Showing posts with label justice and capital. Show all posts
Saturday, March 30, 2013
Tuesday, July 31, 2012
Payday Lenders Move Loans to Avoid Law
As I've noted on this page in the past, Rev. Gerald Britt leads the way in the public policy work orchestrated by CitySquare. Among the issues we've tackled is the impact of payday lenders on low-income persons and households.
Earlier this year the Dallas City Council, led by Council Member Jerry Allen, passed two of the most restrictive payday lending ordinances in the nation. We are most grateful for Mr. Allen's leadership on this crucial issue.
Now, to avoid compliance with the new laws, payday lending companies are moving their loans into suburban offices where the limits on operations are not yet in place.
You will be able to view a report by WFAA Channel 8 on the issue and recent developments here or in the frame below.
The fight continues!
Earlier this year the Dallas City Council, led by Council Member Jerry Allen, passed two of the most restrictive payday lending ordinances in the nation. We are most grateful for Mr. Allen's leadership on this crucial issue.
Now, to avoid compliance with the new laws, payday lending companies are moving their loans into suburban offices where the limits on operations are not yet in place.
You will be able to view a report by WFAA Channel 8 on the issue and recent developments here or in the frame below.
The fight continues!
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