The Baptist Standard: Faith Leaders for Fair Lending Urge Lawmakers to Enact Reform
April 30, 2015
AUSTIN—Texas Baptists have joined the Texas Catholic Conference and other religious leaders to form Faith Leaders for Fair Lending, an effort to demand reform of the payday and auto-title lending industries in the state.
“Payday lenders exploit the law in order to exploit the poor,” said Steve Wells, pastor of South Main Baptist Church in Houston. “When there are bad actors in the economy, we rightly turn to lawmakers to make laws that make sense. We therefore call on the legislature to reign in and regulate this out-of-control industry.”
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