Arise legislative update: Weakened payday loan reform bill moves to Alabama Senate

A compromise bill on payday lending was watered down even further by an Alabama Senate committee Tuesday. The panel approved the bill, but not before members diluted consumer protections and raised the proposed interest rate cap on payday loans. This legislative update highlights the bill's new provisions and its prospects during this year's regular session.

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

Montgomery AL Non-Profit Website Design by BWS Internet Marketing Services