Payday Lending Practices Harm Communities

Payday Lending Practices Harm Communities

Join Touching Miami with Love, the Cooperative Baptist Fellowship, and CBF FL and faith leaders across the country to stop harmful predatory lending practices. Read more about CBF’s advocacy efforts on payday lending HERE.

The Consumer Financial Protection Bureau (CFPB) is rolling back a recently created rule that requires predatory payday lenders to make affordable loans. Without this rule, payday loan sharks can prey on vulnerable consumers with debt trap loans causing default on other bills, overdraft fees, and even bankruptcy. The CFPB must protect families and stop the debt trap – not enrich payday loan sharks.

In my first months of ministry, I remember a faith leader offering a challenge to not simply create programs and services that serve people who are caught in tough situations in the river of life, but instead to go upstream and see who is pushing people into the river. That analogy stuck with me. Heading up the river is what advocacy is all about.

Recently I was able to be a part of CBF’s training event, Advocacy in Action, held in New York City. Throughout the four-day event, pastors, faith leaders and seminary students from across the country joined together to learn practical ways to put faith to action while impacting the most pressing issues of the day including immigrant and refugee issues, religious liberty and human rights.

Our group visited the United Nations to learn about global advocacy and hear about interfaith work being done from a panel of UN advocate experts. During our week, we viewed refugee stories up close at the Tenement Museum and stood beneath Plymouth Church in Brooklyn in the same room as those escaping slavery through the Underground Railroad. All of this was a great reminder of both the importance and the investment required for advocacy.

It seemed fitting that the following Monday, I would get to be a part of putting my new advocacy learning into action at a Pray-In and Press Conference to denounce the abusive practices of the payday lending industry.

This gathering brought together the Center for Responsible Lending, the Florida Council of Churches, the 11th Episcopal District of the AME Church, and the Cooperative Baptist Fellowship of Florida to protest outside of the Trump National Doral Resort in Miami as the national payday lenders association, The Community Financial Services of America (CFSA), held their annual meeting.

Touching Miami with Love joined this effort years ago and continues to learn about the industry that grows wealthy off a debt trap designed to force borrowers to take out increasing loans to pay off previous loans. It was encouraging to join prominent leaders in this movement as we prayed and called for justice to uphold the rights of the poor. We held signs attracting the interest of the police and media as we condemned the industry for their 400% APR rates and predatory practices that lead to an average of ten loans per borrower.

Following this experience, I was invited to join a researcher from the Center for Responsible Lending to be a local voice on Miami’s local public radio station WLRN’s show, “Sundial.” It was a privilege to shine light on the abusive practices of payday lending because no one should be thrown in the river drowning in debt.

Angel Pittman is a CBF field personnel serving as the Vice President of Touching Miami with Love. Since 1995, Touching Miami with Love has been serving the neighborhoods of Overtown and West Homestead, sharing the love of Christ through providing hope, opportunities, and resources.

Oasis Camp 2019

Reset! Oasis Camp, hosted by Branches, was truly a “reset” for our youth. God’s presence was at camp this year and the youth were blown away by their experiences. Surrounded by nature and with no technology for four days, they have an opportunity to connect with Jesus in new ways.

The theme this year was centered around Hebrews 12:1-2:
Therefore, since we are surrounded by such a huge crowd of witnesses to the life of faith, let us strip off every weight that slows us down, especially the sin that so easily trips us up. And let us run with endurance the race God has set before us. We do this by keeping our eyes on Jesus, the champion who initiates and perfects our faith. Because of the joy awaiting him, he endured the cross, disregarding its shame. Now he is seated in the place of honor beside God’s throne.

At camp, the youth and counselors had a chant that focused our attention on this verse.
“Hebrews Twelve. One two, One two…
Drop the weights.
Run the Race.
Set your eyes on Jesus’ face.”

After a few rounds of the chant, everyone would yell: “RESET—right now, right now” and the chant would begin again from the top. Reset.

Camp is an opportunity for our TML staff to connect on a deeper level to youth. During Cabin Devotions, one youth was really struggling with if she could stop a bad habit. She said she didn’t want to “drop the weight” because she didn’t think she’d be fully committed. “I want to follow Jesus, but I need to stop sinning first.” TML staff encouraged her that despite our human attempts, we are not the ones to clean up our lives. Jesus is. Reset. Jesus didn’t come for healthy people, but the sick. Reset. He died for us while we were sinners. Our bad habits might not change overnight. The more we learn more about Jesus and His love for us, the more we walk closer with Him, the less attractive those heavy sins will become.

The last night that same youth wrote these words, “I realized I don’t have to be perfect in order to follow Jesus.” She said she wanted to “put two feet in, instead of one foot.” She wanted Jesus to reset her life.

The truth is, we all need a reset. Not just our youth, but all of us. Omar, one of the staff from KIX, another participating ministry, said it like this: “We don’t need just a daily reset, but a moment-by-moment reset.” That is true for all of us. Reset.

Choosing to follow Jesus is a journey. It happens over time. There are days we will mess up, and we will need to reset. So, we will start again giving God the stuff holding us down, getting back to our purpose, and fixing our eyes back on Jesus.

Here’s what other youth shared from their experiences at Oasis camp,

“I don’t want to go back home; can we stay another week?”
– N. G.
“I’m going to make an effort to be different when I get back.”
– J.L.
“After tonight’s worship service, I felt a weight lift off of me!”
– A.P.

Drop the weight.
Run the Race.
Set your eyes on Jesus’ face.