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CBF leaders talk out against rollback of ‘payday’ loan regulation

DECATUR, Ga. — Cooperative Baptist Fellowship leaders spoke away from the choice announced today associated with the Consumer Financial Protection Bureau to get rid of debtor safeguards designed to make sure that vulnerable consumers have the ability to repay short-term, high-interest “payday” loans.

The cooperative Baptist Fellowship has sought justice for those who have been victimized by the immoral and sinful practice of predatory lending,” said CBF Executive Coordinator Paul Baxley“For nearly a decade.