5 facts about Independence Day and the Declaration of IndependenceThis Sunday marks the 245th anniversary of Independence Day, a day celebrating America's Declaration of Independence from Great Britain. Here are five facts you should know about our country’s founding document and the observance of its commemoration. ![]() This Week in Washington, D.C.Last week, the U.S. House of Representatives voted to repeal the Office of the Comptroller of the Currency’s (OCC) 2017 “True Lender” rule. This week, President Biden signed this policy into law. The 2017 OCC rule allowed payday lenders to partner with out-of-state banks, thus evading state interest rate caps in their own state. This partnership is known as a “rent-a-bank” scheme, which allows banks to “rent” their name to lenders in an outside state in order to avoid consumer protection laws. The rule states that these partner banks operated as the ‘true lender’ and originator of the loan, so though the consumer and the payday lender are in one state, their state laws did not apply to the loan. The Congressional Review Act allows Congress to repeal rules promulgated by a federal agency, such as this 2017 OCC rule. The ERLC has long applauded states’ efforts to curtail unjust lending practices in their states. Currently, 19 states and the District of Columbia have 36% interest rate caps. We believe that these common sense consumer protection laws should be respected rather than undermined by federal regulation. Predatory lenders should not be granted a loophole from state laws that promote responsible and honest lending practices and that represent the will of the voters of those states. From The Public SquareFirst Denomination to Condemn Uyghur Muslim Genocide? Southern Baptists
Supreme Court Denies Cert. In NAMB Abstention Case
Supreme Court passes on transgender bathroom challenge
Why We Opposed an Anti-Abortion Resolution at the Southern Baptist Convention
What You Need to ReadBrent Leatherwood with How to believe in a better politics: Learning from Bill Haslam’s new book
Jordan Wootten with What does it mean for the church to think theologically about our cultural engagement?
Andrew Bertodatti with How can God’s people pursue compassion during the global refugee crisis? A conversation about "Refuge Reimagined"
This Week at the ERLC
Featured PodcastsIn last week's episode of the ERLC Podcast, Josh, Lindsay, and Brent discuss the shocking collapse of a surf-side condo in Miami, the SCOTUS ruling on free speech, the coronavirus variant likely to cause the next wave, the drop in U.S. life expectancy, and the new family members introduced on Sesame Street. In this episode of the WeeklyTech Podcast, Jason Thacker is joined by Patricia Shaw, an AI ethics, strategy, policy, and governance consultant, who serves as CEO of Beyond Reach Consulting Limited based in the UK to talk about AI ethics, digital privacy, and online governance. |