Arise legislative update: Industry-backed title loan bill clears House committee

Over the objections of a large and vocal coalition, the House Financial Services Committee voted Wednesday to approve an industry-backed title loan bill that makes only minor changes to auto title lending practices in Alabama. Arise and other advocates testified against the bill, which makes no reforms to the triple-digit interest rates on title loans. This legislative update highlights the committee action on the measure.

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

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