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Faith teams join push for national cash advance guidelines

Faith teams join push for national cash advance guidelines

Kansas City, Mo. — Surrounded by clergy, community organizers and signs that are multi-colored “Stop your debt trap,” Elliott Clark asked those gathered at Barney Allis Plaza right here: “that is with me?”

The parishioner of St. Therese the small Flower Church in Kansas City had just finished sharing their knowledge about a $2,500 pay day loan that ballooned to significantly more than $50,000 over 5 years, providing an impassioned plea for reforms of this industry.