The moneychangers who had previously been instrumental in St. Ann Catholic Church finding a chapel that is brand brand new
About 10 months ago, a post was published by us en en en titled “Good Catholic males creating a killing within the cash loan business.”
That post really hit a neurological. It possessed a huge choice of views over the time We posted it in September 2014, and since then it has drawn more views than simply about other post that is previous.
Yesterday and now, exactly how many views spiked, to the wake linked to the celebrity publishing on its web page a story with regards to the federal 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 linked to the range concerning the procedure, between 2012 and 2013, Coppinger’s companies 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 of this companies: nearly all the victims hadn’t really utilized for loans but had provided 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. Numerous victims didn’t realize when it comes to extremely very long time that these individuals had been being fleeced.
Coppinger was in fact one of many “good Catholic men” I penned about straight back 2014. He comes from a household this is really a pillar of Visitation Catholic Church, 51st Terrace and principal.
An added home we penned about had been the Hodes family unit members, additionally of Visitation. Like Coppinger, Chris and Vince Hodes had Visitation Catholic course and Rockhurst tall and very quickly after decided to go to the bucks advance company.
The Hodes home, additionally of Visitation, has owned a exceedingly effective plumbing work work supply business (they have associated businesses, too) since 1943. No one through the Hodes home will need to have any need whatsoever to be in the payday funding company. There should really be a great quantity of business, and profits, to generate every person happy for life.
You don’t have actually to be a psychologist to master precisely what drove these “good Catholic men” towards the business enterprise that is seamy of payday improvements — GREED.
But there’s more to the whol story — and more Catholics with greedy hands — than Tim Coppinger and Vince and Chris Hodes.
Coppinger and Vince Hodes are now individuals in St. Ann’s Catholic Church in Prairie Village. So is Coppinger’s payday-lending partner, Frampton (“Ted”) Rowland, and Stephen and Julie Zanone.
The Zanones was in fact principals in a company called MMG, that your particular state of Maryland fined and banned from performing company in Maryland 12 months this is certainly final they certainly were billing interest all the best 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, in accordance with the as a type of loan made. (Missouri needs a legislation that is similar probably won’t get one whenever later on as a result of the conservatives’ stranglehold in the General Assembly.)
Listed here are my observations…
First, Lunsford have to have had their eyes closed 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 ton of cash within the pay time lender, now we do you want to share the bounty making use of the church.”
But all Lunsford needed to do — and probably did but wouldn’t acknowledge — was to consider the inspiration!
Similar to the parishioners, he previously to possess heard that a number of their people had been neck deep into the payday loan business, by which he needs had the courage to confront them then turn their right back from the lucre that is filthy.
2nd, each time we now have a glance at that brand name name} completely new, multi-million-dollar chapel, I will think of Jesus (yes, he furthermore rates bold-face kind) angrily denouncing the moneychangers inside the temple and chasing them down having a whip he fashioned far from cable.
The Gospel of Matthew quotes Jesus as saying, ” My house will likely be called the home that is homely of; but ye are making it a den of thieves.”
Yesterday’s moneychangers are today’s lenders that are payday. Woe betide them.
The chapel that is brand brand new St. Ann’s Catholic Church in Prairie Village
