Alabama can’t count on the government that is federal protect customers

Alabama can’t count on the government that is federal protect customers

The regulatory capture at today’s CFPB demonstrates we can’t watch for federal action to guard customers. It’s as much as the Alabama Legislature to limit APRs that are exorbitant payday advances, and lawmakers have actually many choices. Reform efforts have ranged from the 36% APR limit to a far more plan that is modest will give borrowers 1 month to repay loans, up from only 10 times now. Continue reading Alabama can’t count on the government that is federal protect customers