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payday loans

Public Hearing on Bill to Double Amount of Payday Loan

By Brandon Moseley Alabama Political Reporter Wednesday, May 6, a public hearing was held in the Senate Banking and Insurance Committee on SB446.  SB446 was sponsored by State Senator Tom Whatley (R-Auburn). Sen. Whatley said that SB446 was needed to level the playing field for Alabama Pay Day Loan lenders who face competition from the … Continued
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May 7, 2015

Southern Poverty Law Center and Alabama Arise Support President’s Actions on Pay Day Lenders

By Brandon Moseley Alabama Political Reporter On Thursday, March 26, President Barack H. Obama spoke in Birmingham to announce new regulations by the Consumer Financial Protection Bureau (CFPB).  Alabama Arise and the Southern Poverty Law Center both released statements supporting the actions by the President. President Obama said to the crowd at Lawson State Community … Continued
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March 27, 2015

President Obama Comes To Birmingham

By Brandon Moseley Alabama Political Reporter On Thursday March 26, US President Barack H. Obama is coming to Birmingham to deliver a speech at Lawson State Community College. The President of the United States is expected to deliver a speech on the economy and call for greater government oversight on lending practices. In February, President Obama … Continued
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March 25, 2015

With More Payday Lenders than McDonald’s, Cities Take Action

By Lee Hedgepeth Alabama Political Reporter With recent statistics from both the Center for Responsible Lending and the Southern Poverty Law Center confirming that there are four times as many payday lending storefronts as there are McDonald’s locations across our state, municipal legislators are taking notice, particularly in the wake of what many describe as … Continued
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December 16, 2013
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A Sad Day for Alabama and Its Citizens

By Don Gowen A coalition of over 150 Alabama organizations under the banner of The Alliance for Responsible Lending in Alabama, along with the Governor, Superintendent of the Alabama State Banking Department, and a bi- partisan group of Alabama legislators from both the House and Senate, came together at the start of the 2013 Regular … Continued
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April 19, 2013