In a few states, a debate over payday financing unfolds within the black colored church

In a few states, a debate over payday financing unfolds within the black colored church

The Rev. Frederick Newbill isn’t the normal face associated with lending industry that is payday.

Recruited by Florida’s biggest lender that is small-dollar Amscot, the senior pastor at First Timothy Baptist Church in Jacksonville ended up being among a few faith leaders to check out the state’s money this year to lobby for a bill loosening payday regulations.

The team helped secure a triumph for a business recognized for the high-cost, short-term loans that were under attack by federal regulators for decades. Continue reading