In the Hermeneutics course I am taking, a definition of "Regula Fidei" was posed that seemed different from the way my Catholic acquaintances use the term. How is the term Rule of Faith used differently by Catholics than by Protestants? Specifically how is the practical application different even if the concept is similar in definition?
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In Methodism, John Wesley described a quadrilateral of faith, which held that Scripture, Reason, Experience and Tradition were interdependent.
By and large, Protestants don't really use the Rule of Faith as it is classically known. So to answer your question would be rather difficult since Protestantism has chosen to separate itself (potentially too much) from classical Catholicism. And I only say this because I sincerely doubt many protestants even know what the Rule of Faith even is.