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The moneychangers who had previously been instrumental in St. Ann Catholic Church getting a chapel this is certainly brand brand new

About 10 months ago, we published a post en en en titled “Good Catholic males creating a killing within the cash loan business.”

That post really hit a neurological. It had a large variety of views throughout the time We posted it in September 2014, and since then it has drawn more views than just about various other post this is certainly past.

Yesterday and now, just how many views spiked, in to the wake from the Star publishing on its web page a story regarding the federal government this is certainly federal a large, online lending that is payday run by Timothy Coppinger and Frampton T. Rowland III.

To provide concept from the range concerning the procedure, between 2012 and 2013, Coppinger’s businesses issued $28 million in pay loans and withdrew a lot more than $46.5 million from people’s bank reports day.

Here’s how dirty were the deals for the companies: nearly all the victims hadn’t really useful for loans but had supplied enough information that is private on their own to supply loan providers use of their checking records. The lenders then deposited “loans” inside the people’s reports and methodically withdrew “interest” re re re payments. Many victims didn’t realize for the extremely time that is long these folks had been being fleeced.

Coppinger have been one of many “good Catholic men” I penned about straight straight back 2014. He comes from a family group this is really a pillar of Visitation Catholic Church, 51st Terrace and principal.

An added home we penned about had been the Hodes members of the family, also of Visitation. Like Coppinger, Chris and Vince Hodes had Visitation Catholic course and Rockhurst tall and very quickly after visited the bucks advance company.

The Hodes home, additionally of Visitation, has owned a acutely effective plumbing work work supply business (they’ve connected organizations, too) since 1943. No one through the Hodes home will need to have any need whatsoever to be in the payday funding business. There should be a great level of business, and profits, to generate everybody happy for lifelong.

You don’t have actually to be a psychologist to master exactly what drove these “good Catholic men” towards the company this is certainly seamy of payday improvements — GREED.

But there’s more to the whol story — and significantly more Catholics with greedy fingers — than Tim Coppinger and Vince and Chris Hodes.

Coppinger and Vince Hodes are in reality individuals in St. Ann’s Catholic Church in Prairie Village. So could be Coppinger’s partner that is payday-lending Frampton (“Ted”) Rowland, and Stephen and Julie Zanone.

The Zanones was in fact principals in a small business called MMG, that your particular state of Maryland fined and banned from performing company in Maryland year this is certainly final they were billing interest all the way to 1,000 per no credit check installment loans cent or more on payday loans…Maryland legislation limits yearly interest rates to 24 or 33 percent, based on the kind of loan made. (Missouri needs a legislation that is similar probably won’t get one whenever in the foreseeable future as a result of the conservatives’ stranglehold in the General Assembly.)

Listed here are my observations…

First, Lunsford have to have had their eyes shut and their hands over their ears. Of course, he didn’t have “firsthand” knowledge. Coppinger and Rowland weren’t about to approach him and state, “Father, we’re making a lot of cash into the pay loan business, and today we do you need to share the bounty utilizing the church. day”

But all Lunsford needed to do — and probably did but wouldn’t acknowledge — was to consider the inspiration!

Much like the parishioners, he previously your can purchase heard that a number of their people had been neck deep within the payday loan business, for which he needs had the courage to confront them then turn their back in the lucre that is filthy.

2nd, every time we now have a have a look at that brand name} new, multi-million-dollar chapel, my goal is to think of Jesus (yes, he also rates bold-face kind) angrily denouncing the moneychangers inside the temple and chasing them down having a whip he fashioned far from cable.

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The Gospel of Matthew quotes Jesus as saying, ” My house is going to be called the homely house of prayer; but ye are making it a den of thieves.”

Yesterday’s moneychangers are today’s lenders that are payday. Woe betide them.

The chapel this is certainly brand brand new St. Ann’s Catholic Church in Prairie Village