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Pay day loan verdict starts the way for lots more legal action

Pay day loan verdict starts the way for lots more legal action

It could be Valentines Day, but Alabama lawmakers didn’t provide much love this week as several bills had trouble advancing. An overview is had by us for this week’s action into the legislature from Don Dailey, host of Alabama Public Television’s Capitol Journal.

Payday Lending

A Senate Committee voted straight down a bill that could are making it easier for borrowers to settle loans that are payday. It might have given borrowers 30 days to settle. In a few instances they are able to have as low as 10 times.