Arise legislative update: Advocates assemble at State House to support interest rate caps for payday, title loans

A large coalition gathered Thursday at the State House in Montgomery to urge legislators to pass legislation limiting high-interest lending in Alabama, notably payday and auto title loans. The Alliance for Responsible Lending in Alabama made its debut, and several presenters spoke eloquently on the harms of predatory lending. This legislative update highlights the various proposals to rein in payday and title loans in Alabama.

Read ACPP policy analyst Stephen Stetson's legislative update here.

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