KELO: Pastors Against Payday Loans

Congregations across South Dakota are finding common cause in their opposition to the payday loan industry.  Many denominations are coming out publicly in support of Initiated Measure 21, which caps all payday loan rates at 36-percent, and against Amendment U, which caps the rate at 18-percent, but can go higher if the borrower agrees.

Churches are traditionally uncomfortable with delving into the worldly concerns of politics.  But many of them are framing the payday loan issue in moral terms, so they're speaking up.