“Alabama lawmakers from both parties and advocacy groups spoke today in support of a bill to give payday loan customers more time to pay off loans, a change they said would help protect financially fragile borrowers from spirals of debt,” AL.com reported.
At the event, Alabama Arise and Alabama Appleseed Center for Law and Justice released a report looking at the human and financial impact of payday lending in the state. The report also examines multiple policy solutions that would help.