A rare instance of a church doing something very, very good indeed...
British users will be aware of Wonga. For the benefit of those from other parts of the world, Wonga was a bunch of evil vampires which specialised in "pay day loans" - that is, small loans, often of £100 or less, usually made to desperately poor people who needed some cash to pay for things like food for their children and other essentials until next pay day. If they paid it off when agreed, they would pay a relatively small amount back along with the loan. However, being poor it was entirely possible that they might not be able to do so, which meant they'd pay back more.
That's what banks do too, of course, it's how lending money works. However, Wonga's repayment rates were massive - just before the company went into administration recently, the average repayment rate was 1509%. A couple of years back, before new legal regulations were brought in to stop them, they charged 5853%. So, thanks to them, a lot of people who were already in desperate financial hardship ended up much, much worse.
With the company in administration, its loanbook is going to be put up for sale at a bargain price. The most likely purchaser would have been another bunch of evil vampires operating a similar payday loan company... but an unlikely champion has stepped in, namely, the Church of England.
Archbishop of Canterbury Justin Welby has been severe in his criticism of Wonga in the past, accusing them of trading in misery. Next week, he and church commissioners will meet at Lambeth Palace in London to discuss using part of the Church's £8.3 billion investment fund to buy out Wonga and ensure that all those who still have outstanding loans with the firm will now pay them back at a fair and reasonable rate, which will alleviate a great deal of worrying for many thousands of people.
Proof that, sometimes, religious people and organisations do very good things.