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Can Alabama Crack Down on Predatory Lending? a loan storefront that is payday.

Can Alabama Crack Down on Predatory Lending? a loan storefront that is payday.

On Thursday, President Obama is planing a trip to Alabama, where he’s anticipated to discuss payday advances, among other economic problems. Considering that the early 1990s, the colorful storefronts of payday loan providers, with slight names like CASHMONEY and CA$HMONSTER, have sprung up in (mostly) low-income communities over the united states of america. Alabama has one of several greatest variety of payday lender shops in the united states, and policymakers into the state are making an effort to break straight down on such “predatory” financing practices. Continue reading Can Alabama Crack Down on Predatory Lending? a loan storefront that is payday.