Anglican leader admits gaffe on 'payday' lenders, renews attack

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Son_of_Niall

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(Reuters) - The head of the Church of England said on Friday he was embarrassed to find out that his organisation had invested indirectly in a short-term loan company which he had vowed only days earlier to drive out of business.
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The discovery of the relatively small investment was a major setback for Archbishop of Canterbury Justin Welby, after he launched a scathing attack on “payday” lenders who charge high interest rates on short-term loans that are typically repaid when borrowers receive their wages.
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uk.reuters.com/article/2013/07/26/uk-britain-church-lenders-idUKBRE96O0CG20130726
 
And meanwhile…

The Church continues to try and do the right thing in this situation.

I think all Catholics should check their pension plans and mutual funds to see what they support.
 
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