On May 13-14, Texas faith leaders are going to Washington D.C. to share how predatory lending is harming our communities! This year, our federal and state governments have a chance to set some commonsense limits on the payday loan industry. Here's how you can support us in prayer and on social media:
1) Show your support on social media! On May 13 or 14th, take a photo of yourself in front of a Payday Lender near your house. (On your drive home, just look for signs that say "Quick Cash! Payday Loans!") In your photo, hold a sign that says #Stop the Debt Trap! Print out the image below, or hand-write your own sign. Then email your photo to Rev. Wes Helm at firstname.lastname@example.org. If you're on social media, post your photo to Twitter, Facebook, etc. with the hashtags #StopTheDebtTrap and #FaithinTX. Find us on twitter @FaithinTX_PICO
2) Pray for Texas faith leaders in Washington D.C., as they meet with federal officials and Congressman Jeb Hensarling. Three pastors will share how Texas faith communities are harmed by predatory lending: Rev. Wes Helm of Springcreek Church in Garland, Rev. George Mason of Wilshire Baptist Church, and Dr. Frederick D. Haynes III of Friendship West Baptist Church. Please consider setting aside ten minutes to pray during one of these important times. To let our delegation know that you're praying for them, drop a note to Lydia Bean at email@example.com:
- Wednesday, May 13th at 2pm CT/3pm ET: Faith in Texas and allies meet with the Consumer Financial Protection Bureau.
- Thursday, May 14th at Noon CT/1pm ET: Faith in Texas and allies meet with Congressman Jeb Hensarling of the 5th District, and Chair of the House Financial Services Committee.
- Thursday, May 14th at 2pm CT/3pm ET: Faith in Texas and allies meet with White House staff in the National Economic Council and the Office of Faith-based and Neighborhood Partnerships.
If you've seen firsthand how predatory lending hurts your community, please share these stories with us. Payday loan stores make big profits by giving people small loans that they could never realistically repay--then slapping on fines and astronomic interest rates that make the debt spiral out of control. Many people in our faith communities have lost houses and cars to payday lenders, but they suffer in silence and shame. As people of faith, we need to shine a light on these stories, to stop this from happening to others. To learn why faith leaders are coming together to stop predatory lending, visit www. lendjustly.com/