When payday lenders opened up in their Minneapolis neighborhood, Holy Trinity Lutheran church got concerned. More importantly, they got educated and they got active.
Holy Trinity has been working with JRLC and Minnesotans for Fair Lending to bring attention to the debt trap of payday lending and seek stronger regulation of the predatory industry. Seeking this regulation is a process that continues today, as the matter fell just short of final passage in the Minnesota Legislature last year.
That isn’t all they did. They began to explore ways in which they could help those caught in the debt trap. From that exploration came Exodus Lending, a new Minnesota non-profit officially launched this week that is designed to help people escape the payday lending debt trap.