Mortgaged Missions: The Debt Arrangements Binding American Congregations to Their Lenders
Across the American religious landscape, churches and faith-based nonprofits are taking on debt obligations structured in ways that consumer protection advocates would recognize as hallmarks of predatory lending — and doing so with almost no regulatory oversight. Religious Intelligence has reviewed loan agreements, property records, and financial disclosures from faith institutions in eight states, finding a pattern of high-interest instruments, balloon payment structures, and cross-collateraliz