How refreshing it was to see the Church hit the headlines for positive reasons! The Archbishop of Canterbury’s initiative to challenge Wonga and other payday loan companies by using the resources of the Church to support local credit unions and compete them out of existence is bold, imaginative and appealing. It was a shame then when it was revealed the next day that the Church is, if only indirectly, invested in Wonga.
To be fair to Justin Welby he handled the embarrassment this caused very well. And I don’t think the news undermined the power of the original idea. But it does illustrate a couple of significant ways in which the Church neither helps itself nor makes the most of its still considerable resources. Continue reading