Transforming PayDay Lending Practices in MN

Jul 3rd, 2014

Caring for God’s Creation & the Poor

“No one must say that they cannot be close to the poor because their own lifestyle demands more attention to other areas. This is an excuse commonly heard in academic, business or professional, and even ecclesial circles. While it is quite true that the essential vocation and mission of the lay faithful is to strive that earthly realities and all human activity may be transformed by the Gospel, none of us can think we are exempt from concern for the poor and for social justice.” ~Pope Francis, Evangelii Gaugium

Stewardship Tip

More work ahead to transform PayDay Lending Practices in MN!  “Unfortunately legislation for needed reforms which would have curbed predatory payday lending practices did not pass at the MN capital this past session.  PayDay lending practices do significantly impact the poor with exorbitant interest rates on minor loans which quickly become debt traps.  Collective lobbying efforts did raise awareness and education on this issue, and the faith community will continue to be important advocates on this issue in next year’s legislative session.  Continue to advocate on this and other similar issues on behalf of and in solidarity with those most in need in our community.”

(Catholic Charities Office for Social Justice;  

Peace & Justice Committee