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Vatican Finances:  Prior to Hospitalization, Pope Francis and some cardinals disagree over Vatican finances

Vatican Finances: Prior to Hospitalization, Pope Francis and some cardinals disagree over Vatican finances

admin February 28, 2025 0 Comments

Prior to his health crisis, news sources report that Pope Francis clashed with cardinals regarding how best to address a growing deficit in Vatican finances. “Three days before hospitalization,” reports Reuters and other sources, “Francis ordered the creation of a new high-level commission to encourage donations to the headquarters of the 1.4-billion-member Catholic Church.” Yesterday…

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Catholic finance firm offers millions in loans, data consulting for dioceses

Catholic finance firm offers millions in loans, data consulting for dioceses

admin September 2, 2023 0 Comments

CNA—Ninety-six loans and just over $96 million. That’s the track record thus far of Catholic Finance Corporation (CFC), a Minneapolis-based Catholic firm that has issued tens of millions of dollars in loans to regional Catholic organizations and groups over the past few decades. Michael Laughery, the group’s director of partner services, told CNA that the…

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