Payday lending

Once again, Sen. Arthur Orr, R-Decatur, will join forces with left-leaning organizations to impose more regulations on payday lending in the upcoming legislative session. While the Trump Administration over the last three years has taken giant steps toward rolling back Obama-era regulations, Orr is taking a page from Democrat senators and presidential hopefuls, Bernie Sanders … Continued

Recently, two state lawmakers chose Jefferson County’s Mountain Brook neighborhood as a backdrop to introduce a payday lending reform bill. The legislation’s sponsor and co-sponsor are State Rep. Danny Garrett, R-Trussville, and State Rep. David Faulkner, R-Mountain Brook, respectively. According to a report of the event by al.com, “the lawmaker [Garrett] said he’d like to … Continued

By Bill Britt Alabama Political Reporter When well-intentioned organizations host speakers whose goal is to tar a particular individual or business, it dirties the good works mission of the group and cast doubts over the program’s real purpose. So it was when Leadership Birmingham invited Dr. Neal Berte. e, retired head of Birmingham Southern College … Continued

By Stephen Stetson We’re calling for payday lending reform in Alabama, and we’re not alone. For years, reform of high-cost lending has been the goal of the Alliance for Responsible Lending in Alabama (ARLA), an incredibly wide-ranging coalition of activists and advocates. The groups pushing for reform span the spectrum, including Arise Citizens’ Policy Project, … Continued

By Bill Britt Alabama Political Reporter MONTGOMERY— President Pro Tem Del Marsh (R-Anniston) received favorable ink recently when he introduced Senate Bill 449. The bill was touted as a reform effort for payday lending in Alabama. Advocates against predatory lending considered it a first step toward curtaining the excessive fees charged by payday and title … Continued

By Charles Hunter There has been much debate in recent weeks in the media and among some legislators about the merits of short term lending and how to increase the regulation of these lenders. The debate stems from four pieces of legislation introduced in the Alabama House and Senate, primarily supported by “consumer advocates” who … Continued