Archbishop Welby signs the register for a new credit union for clergy and church staff in England and Scotland at the General Synod in York, July 2013
Archbishop Welby signs register for new credit union for clergy and church staff in England and Scotland at General Synod in York,…
THE fight against payday loans continues, the Archbishop of Canterbury confirmed this week.
An article in the Church hours this week reviews the results of the Archbishop’s so-called “War on Wonga” (News, August 2, 2013), which resulted in the creation of the Just Finance Foundation in 2016. He finds that many parishes, inspired by the archbishop’s intervention, provided debt counseling and managed credit unions, although not all initiatives have stood the test of time.
Archbishop Welby said this week: “The Church of England runs 33,000 social projects, including debt and financial advice centres, across the country. We don’t do this to be nice – we do it because Jesus calls us to care for those who are vulnerable and uplift those who are struggling.
“The Church has pioneered alternative methods of lending through credit unions and other innovative people-centered models; Christians campaigned for fairer financial systems; and Christian charities strive to educate and empower people facing real financial challenges.
“The Bible speaks forcefully of debt slavery, money, and equity. I am determined that we will continue to answer God’s call to respond with compassion and courage to the injustices of usury and poverty.
Comment: What happened to the war against Wonga