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Debt

Educational debt among students at theological schools has been rising since the early ’90s, with black and female students incurring a greater portion of debt. Here’s what theological schools are doing to resolve the debt issue. […] Read More

Nearly nine out of 10 U.S. Christians said being generous was ‘extremely’ or ‘very’ important, with nearly a third of them saying volunteering or serving others was the way they expressed their generosity, a survey found. […] Read More

A challenging and potentially transformative command to enact an economic Sabbath is found in Deuteronomy 15:1-11. Every seven years, Hebrew creditors were to release the remaining debt of the loans given during the previous six years. Debt was the ultimate source of poverty then as it is now, so this was a year when poverty […] Read More

Baptist leaders praised the final version of a rule, released by the Consumer Financial Protection Bureau (CFPB) on Oct. 5, that seeks to end “debt traps” within the payday loan industry. Stephen K. Reeves, associate coordinator of partnerships and advocacy at the Cooperative Baptist Fellowship, called it “a momentous step forward in the fight to […] Read More

The prophet Micah proclaims that the Lord requires his servants to act justly and to love mercy and walk humbly with God (Micah 6:8). The Hebrew word for justice, “misphat,” used in Micah 6:8 appears more than 200 times in Scripture. This reminds us that our faith (or humble walk with God) is to have […] Read More

There are more payday and title loan stores in Missouri than Starbucks, Wal-Marts and McDonalds combined. I’ve heard this statement more times than I can recall. It has been a wake-up call for me in terms of understanding the gravity of the predatory loan problem in the Show Me State. The nature and extent of […] Read More

If you live in one of the 36 states that allow payday, auto title lending or both, you’ve likely seen the storefronts. They promise quick cash, no credit check required. They’re likely located in the poorer part of town next to pawnshops, liquor stores, lottery retailers and rent-to-own furniture or tires. Those who’ve never had […] Read More

The U.S. faith community has responded primarily with concern and critique to President Trump’s budget proposal. The Central Conference of American Rabbis said it “strenuously objects” to the budget in a May 25 press release, asserting “The President’s budget recommendation neglects the foundational values that we hold dear as Reform rabbis and as Americans.” The […] Read More

The Trump administration’s 2018 budget proposal has, like all presidential budgets, received mixed reviews. Its overall goal of decreasing the national debt by reigning in spending is a worthy endeavor that should be commended. Spending more than we take in is unwise and unsustainable, whether on a personal or national scale. As President Trump rightly […] Read More

Predatory lending practices within the U.S. payday loan industry are becoming more widely recognized as advocates, including many in the faith community, push for reforms. The Consumer Financial Protection Bureau (CFPB) has been analyzing the industry for several years, recently publishing a set of proposed regulations to address, among a number of issues, exorbitant interest […] Read More