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Faith and Financial Reform: Watch Live Tonight!

January 12, 2010

Faith-based groups have long been involved in the fight against predatory lending and bad bank practices from a religious and moral angle.  Lately, their fight has picked up steam and media attention, as you can see in this article from the Boston Globe and this article from the Washington Post.

Tonight, they’ll take it to another level.  PICO faith leaders are gathering in California this evening to meet with Bank of America executives and local homeowners frustrated with the bank’s slow pace of loan modifications.  As these negotiations are taking place, hundreds of families are expected to gather nearby for a prayer rally.  You can find out more information and watch the rally live by clicking here.  It starts tonight at 6:30 pm PST/ 9:30 pm EST.

In the past, religious groups have rallied around the need for financial reform to combat usury, but tonight’s actions are an indication that the fight has spread to recognize the way that the current financial crisis runs against other religious themes, such as forgiveness, fairness, and compassion.  Recent increases in credit card fees and interest rates and the mounting number of foreclosures indicate that some of the country’s largest financial institutions have yet to learn these lessons.  Tonight’s meeting should bring us all one step closer to justice.

If you want to do your part, sign our petition and ask your Senators to support financial reform.

(Photo: Mike Licht, NotionsCapital.com)

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