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Mar 16, 2017. According to a recent article by the Montgomery Advertiser, 45 Alabama legislators are pushing a bill that would give the power to the people of Alabama to vote on whether payday loan interest rates in Alabama should be capped at 36 %.
Apr 5, 2016. The Alabama Senate Tuesday approved legislation that could limit the amount of interest charged by payday lenders. Payday loan stores seen in Montgomery in 2014. A new Buy Photo. (Photo: Lloyd Gallman/Advertiser file). The legislation, sponsored by Sen. Arthur Orr, R-Decatur, would extend the time.
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Feb 19, 2015. Short-term loan businesses in Birmingham, Alabama. Photographer: Gary Tramontina/Bloomberg. On one mile of the Atlanta Highway in Montgomery, Ala., more than a dozen stores offer payday loans or cash on a car title, or they let you pawn a ring. Easy Money, Always Money, TitleBucks: They remind.
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Who Governs Payday Loan Companies A payday loan is a small, unsecured, high interest, short-term cash loan. (DFI) licenses and regulates payday lenders and the payday loan industry. Debt settlement services negotiate with your creditors, including the payday loan lenders, to reduce some of your debt. Some allow you to consolidate your debt down to a. No government agency regulates
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Feb 16, 2017. Payday loan lending companies in Alabama, check cashing companies. Payday loans explanation, terms. In the 1950s and 1960s, the state of Alabama was the site of civil-right landmark actions such as the “Freedom March” from Selma to Montgomery and the bus boycott in Montgomery. Nowadays, the.
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