Church calls want tougher regulation for payday lenders

Presbyterian Church of WalesThe Presbyterian Church of Wales has called for Government action on payday lenders. It wants the United Kingdom Government to ensure payday lenders such as Wonga are strictly regulated. The loans are taken out by people who need a cash injection to tide them over until the end of the month but they often come with extremely high interest rates. It's concerned that the poor state of the UK economy is driving more people to take out payday loans. It also said that some banks and lenders are acting "inscrupulously" by refusing to lend to individuals and small businesses at reasonable rates. It also criticised the use of emotive adverts encouraging people to take out loans at certain times, such as Christmas.

Presbyterian Church of Wales

Presbyterian Church of Wales has written to the Office of Fair Trading requesting that it reconsider its decision not to cap the interest rate. It is encouraging member churches to offer practical help such as that provided by Noddfa Church, in Caernarfon, which is teaching locals how to budget and manage their finances

More Missionaries News Updates

Comments

Post a Comment

Popular posts from this blog

D G S Dhinakaran

Image
Dr.Duraisamy Geoffery Samuel Dhinakaran, was an Indian Evangelical Preacher and founder of the Jesus Calls Ministry, born on July 1, 1935 at Surandai in Tirunelveli District of Tamil Nadu, India. He attended St.John`s college, Palayamkottai and subsequently was awarded a Bachelor degree in Mathematics from Madras University in 1955. He had a very tough life being torn by the ailments of poverty and agony of unemployment. Unable to bear the agony of these problems, on February 11, 1955, Dr.D.G.S.Dhinakaran decided to put an end to his life. He started towards the nearest railway track in his village to throw himself before the speeding train when he was stopped by his uncle who introduced Jesus Christ. He experienced a sudden wave of divine peace and hope, flood his heart. His mind was transformed and he returned home enlightened. After this incident, things started happening in him supernaturally. There arose an unquenchable thirst in him to spend hours together poring over the lif...
More +

India Celebrates World Sunday School Day

Image
The "World Sunday School" was founded with a great challenge to save and shape the children community after seeing thousands and thousands of street children who neither go to school nor to Church by Serampore trio (William Carey, Joshua Marshman, and William Ward) in India at 1803. Every year first Sunday of November, the "World Sunday School Day", was observed by the Churches. The day is being observed to commemorate the day and its significant change of effective effects towards this modern world especially to the children of the Sunday School in nurturing their shape in way of how a good Christian by birth should adapt to grow in the society through the foot-steps of Christianity's religion principles.
More +

Charles Mead

Image
Rev.Charles Mead was the Father of the South Travancore Mission, born on 1st October 1792 at Bristol, Gloucester, England. He was brought up by his uncle Rev.John Hunt at Wakefield, Yorkshire, attended Gosport Missionary School and ordained at Chichester on 6th March 1816. According to the London Mission Society’s report, Rev.Charles Mead was nominated for Travancore as Rev.Ringeltaube’s successor. He married Rev.Hunt’s daughter. He left from England on 20th April, 1816 for Travancore and arrived at Madras on 28th August 1816 along with Rev.Richard Knill, who known as the pastor of the church at St Petersburg. He was received by Rev.Loveless, who was the first England missionary of Madras. Rev.Mead was detained a considerable time at Rev.Loveless’s house at Madras by his wife's ill-health and he studied Tamil. There after he gave early intimation of his arrival to Col.Munro and consulted him on various subjects related to the mission affairs and solicited help. After one year back,...
More +