May 7, 2012

Religious groups stand against payday lending practices

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RNS photo by Vicki Brown

RNS photo by Vicki Brown

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(RNS) People of faith are trying to rein in loan practices they believe take advantage of borrowers often least able to pay. They point to people like Amanda of Jefferson City, Mo., who took out a short-term loan—often called a payday advance—to pay a bill. She ended up taking out another loan to cover the […]

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