Loan arranger!
Bible Society’s Newswatch (various)
The Church of England announced,
in
mid-July, plans to sponsor credit unions to
put pay-day lenders out of business.
It is currently backing a bid for more than
300 RBS branches. An article in the Daily
Telegraph
said that Archbishop Welby was
not attacking companies, but
recognised
that there is a need for short-term borrowing
for people who have to meet a sudden cost
but are on a low fixed income.