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SD public defense duties shift from counties to state; SCOTUS appears skeptical of restricting government communications with social media companies; Trump lawyers say he can't make bond; new scholarships aim to connect class of 2024 to high-demand jobs.

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The SCOTUS weighs government influence on social media, and who groups like the NRA can do business with. Biden signs an executive order to advance women's health research and the White House tells Israel it's responsible for the Gaza humanitarian crisis.

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Midwest regenerative farmers are rethinking chicken production, Medicare Advantage is squeezing the finances of rural hospitals and California's extreme swing from floods to drought has some thinking it's time to turn rural farm parcels into floodplains.

A New Look at Full “Faith” and Credit in VA

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Thursday, August 23, 2007   

Richmond, VA - Virginia is taking a new look at the term "full faith and credit" -- with the emphasis on faith. The state's religious leaders are kicking off a campaign to cap payday loan interest rates at 36 percent. Reverend Doug Smith, of the Interfaith Center for Public Policy, says the payday loan industry should abide by the same interest-rate rules as other types of loans, which are capped at 36 percent.

"The industry currently is charging interest rates of over 390 percent APR, and if people really realized that, I think they would be appalled."

Smith says the faith community has decided to step into the debate as part of a moral responsibility: to keep low- income families from being trapped in poverty…

"It's very clearly laid out in Scripture that we should care for those in need. These folks are clearly in need -– and 390 percent APR is immoral."

The new campaign includes a Website, www.faithfulpledge.org.

The payday loan industry is against capping rates, claiming that it won't allow them to make a profit. On a national level, Congress is considering proposals that would cap rates for such loans at 24 percent.



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