Category Archives: Georgia Payday Loan Near Me

Payday & Title Lending Reform.Payday financing reform: closing a financial obligation trap in Alabama

A year, in addition to numerous other provisions regulating the issuance of such loans under HB 526, interest rates on title loans in Alabama would be capped at 120 percent. In a uncommon twist, name loan providers and consumer advocates (including Arise) both testified in opposition towards the bill.

The committee heard testimony but would not vote in February for a reform bill – HB 326, sponsored by Rep. Patricia Todd, D-Birmingham – supported by Arise as well as other people in the Alliance for Responsible Lending in Alabama (ARLA). Continue reading