WTOS & Bishop Rodriguez Fight Payday Lending Abuses

As part of West Texas Organizing Strategy’s campaign for payday lending reforms, Bishop Placido Rodriguez wrote an editorial lamenting a US House Committee on Financial Services hearing in which State Representatives attacked the Consumer Financial Protection Bureau for its attempts to reign in the worst of payday and auto title lending abuses.   He writes:

“I am concerned as a pastor with both the usurious nature of these loans, and the everyday experience of those we serve in our charitable ministries. All four of the Gospel writers included references to the anger Jesus had for the money changers in the temple. It is this same righteous anger that motivates my brother bishops and I to cry out for justice for those exploited by this industry.”

Rodriguez: Payday Lending Leads to Cycle of Debt, Lubbock Avalanche-Journal [pdf]