Faith V. Greed: The Battle Between Faith-Based Organizations And The Payday Loan Industry

03/11/2015 11:20 am ET | Updated Mar 11, 2015
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So reads a 2014 Alabama Baptist State Convention resolution condemning predatory payday loans and recommending a 36% cap on interest rates. This resolution is just one of many efforts by faith-based organizations all around the country to combat the payday loan industry and other questionable financial products they believe are hurting low-income Americans and eroding communities.

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