Tag Archives: predatory lending

Time Running Out to Cap Payday Lending

The following is a re-post of a recent blog from KBC Executive Director Paul Chitwood on the important issue of payday lending. With time running out in this year’s Kentucky General Assembly session, a bill to cap payday loans at 36 percent is stalled in a House committee. Call Now to Support Payday Lending Cap […]

Posted in Payday Lending, Uncategorized | Also tagged , , , , | Leave a comment

KBC Takes Stand on Payday Lending

The Kentucky Baptist Convention, meeting in its annual session Nov. 15 at Florence Baptist Church at Mt. Zion, passed a resolution calling for the capping of the interest rate on “payday” type loans at 36 percent. The current loans, which can end up having triple digit interest rates, tend to target the poor and can […]

Posted in Payday Lending, Uncategorized | Also tagged , , , , , , , , , | 1 Response