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5 details about payday lending

Previously this month the ERLC joined up with other faith companies in developing the Faith for Just Lending Coalition. The purpose of the coalition is raise understanding about families in economic crisis and just how high-cost financing negatively impacts them. One industry that usually takes advantageous asset of poor people as well as others in economic stress is payday financing. …

Compelling reasons why you should Retain Tax Exemptions for spiritual organizations (component 1)

The tax-exempt status of spiritual organizations stays an interest of conversation in US general general general public life.[1] Every so often, general general general public debate regarding this matter flares up, and also this seems to be among those times. In the just last year, a few prominent news outlets have actually posted articles and viewpoint pieces debating the knowledge of income tax exemptions. …

SBA problems brand brand new harbor that is safe tiny Paycheck Protection loans

A couple of weeks ago, the small company Administration (SBA) issued brand new guidance (FAQ 31) when it comes to Paycheck Protection Program that raised issues and doubt about whether nonprofit businesses and homes of worship could actually approve that their application for the loan ended up being “necessary” provided the present uncertainty that is economic. This guidance suggested that businesses will be expected to …

Distributing HOPE in the middle of poverty with small enterprises

If we understand that the indegent is always in our midst, exactly what should we do about any of it? Can we actually do just about anything that undoubtedly issues? The solution to those concerns is explored and talked about times that are numerous. Fortunately, you can find companies focused on equip that is helping Church in serving those in need. One ministry … that is such

The bait having an unshakeable hook: A biblical reply to predatory payday financing methods

Getting a fish is an act that is fairly simple. You get a fish by disguising the hook in one thing it wants to consume. The seafood becomes therefore stoked up about the leads to getting a good dinner that it bites very very first and looks later. Numerous fine dishes have actually landed on my dish by that easy work of …

Payday Lending

What exactly is lending that is payday? Payday financing may be the term utilized to explain the training of lending smaller amounts of cash to individuals, often $350 or less, for just two periods, i.e., until their next payday week. In exchange the debtor will pay interest in the loan if it is due in the end associated with the loan duration. …

Do SBA-backed loans violate the separation of church and state?

Within the previous week, a few pastors have actually expected me personally the exact same question: particularly, is just a church or ministry benefiting from newly authorized government-backed small company management (SBA) loans incorrect to take action? Would this kind of church be now a government-funded enterprise? I really do maybe perhaps not think therefore, and here’s why. The explanation for the …

ERLC Legislative Agenda

Down load the PDF This year brings the beginning of the Congress that is 114th along with it brand brand brand new possibilities to advance legislative problems relevant to Southern Baptists. The next is a partial set of the different legislative and policy initiatives we’re going to engage this season included in our stewardship of God’s design for federal government. Several of …

Financial relief for churches and nonprofits amidst the crisis that is COVID-19

A week ago, the Congress passed plus the president finalized into legislation the Coronavirus Aid, Relief, and Economic safety Act of 2020 (or CARES Act) into legislation. This bipartisan bill is the biggest financial relief package in US history. At $2.2 trillion bucks, the stimulus package seeks to help hospitals, regional governments, and organizations within the …

Faith for simply Lending payday loans MO Coalition to battle ‘Predatory Behavior’ of Payday Lending

WASHINGTON, D.C., Barrett Duke regarding the Ethics & Religious Liberty Commission will join other leaders from the coalition that is diverse of organizations. ET for a press call to talk about the findings of a fresh LifeWay Research poll and a Faith for just report that is lending. The Faith for …

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Initiatives

  • Are a symbol of Life
  • Psalm 139 Task
  • International Hunger Relief
  • Caring Well Initiative