The Texas Baptist Christian Life Commission presented Wendy Davis, a state senator from Fort Worth, its Horizon Award for leadership in public service.
If the payday lending industry and other short-term credit options, such as car title or signature loans, are curtailed or shut down, consumers may have only a few other options.
Proponents of a Nov. 4 ballot initiative to cap the annual percentage rate on short-term loans delivered about 180,000 signatures from registered Missouri voters to the secretary of state's office May 6.
A judge's ruling has stalled efforts to get an initiative on the Nov. 4 ballot in Missouri to cap the annual percentage rate on short-term unsecured loans.
JEFFERSON CITY -- Missourians need lending options, and a possible November ballot initiative to reform laws governing unsecured, short-term consumer loans -- often nicknamed payday loans -- could kill the industry in the state, Sen. John Lamping (R-St. Louis County) believes.
A group opposed to a ballot initiative to reform short-term consumer lending in Missouri apparently hopes the threat of fines or jail time might cause faith-based groups, particularly houses of worship, to back away.
Payday lending traps many of America’s working poor in a vortex of debt, participants at the New Baptist Covenant II satellite meeting in Oklahoma City learned.
KANSAS CITY - Proponents of tighter restrictions on predatory lending in Missouri believe the faith community should be among the staunchest advocates.
The Texas Legislature sent two bills to the governor’s desk that will provide more transparency and oversight to largely unregulated payday and auto title lenders.
A Missouri House committee has passed a bill its proponents believe is sufficient reform of laws governing short-term, small consumer loans — so-called payday loans. But those pushing stronger measures believe the proposed legislation doesn't go far enough.
