There is no "older"protestant denomination that teaches or believes in baptismal regeneration . The only "protestant church " that does is the Church of Christ, and they do not baptize infants . They teach AFTER one has repented and believed one MUST be baptized to be saved.
There is no evidence for infant baptism or for baptismal regeneration in scripture.. as is usually the case it is proof texting out of context , setting and audience ...
This speaks of fleshly birth..."Born of water"....as we know this occcurs just prior to giving birth..commonly called "breaking water" and thus a child is born.... Baptism is not required for Salvation, rather the outward evidence one has given his life to Christ. It depicts death to self, resurrection to a new life in Christ.
Dead wrong. Any Protestant who follows John Calvin believes in baptismal regeneration and its application to little children.
These are quotes from Calvin's online treatise against Anabaptists defending baptismal regeneration and its application to infants:
"the Baptizing of young children is not a thing newly brought up, neither a thing which took his beginning in the Papacy. For I say that it hath been a holy ordinance kept always in the Christian church. And that this is true, there is no doctor so ancient, which doth not confess, that it hath been always used from the time of the Apostles."
"If now, men make this argument: that it is against reason that little children, which have neither faith nor repentance, should be baptized, forasmuch as baptism is a sacrament of regeneration and spiritual washing which we have in Jesus Christ: I answer that the like may be said of circumcision. And yet, God commanded that the young infants should be circumcised"
http://www.truecovenanter.com/calvin/calvin_against_anabaptists.html
It is you and the Nineteenth Century revivalists against the universal Christian belief in baptism.