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Blog

Learn more about Arise’s 2020 issue proposals

Grassroots democracy will be on display when Alabama Arise members choose our 2020 issue priorities at our annual meeting Sept. 7 in Montgomery. The following proposals will be up for a vote for our 2020 legislative agenda. Housing Trust Fund revenue Voting rights Criminal justice debt reform Death penalty reform Payday and title lending reform [...]
Issues
Budgets, Criminal Justice, Health, Housing, Payday & Title Lending Reform, Public Transportation, Safety Net, Tax Reform, Economic Opportunity, Voting Rights
Date
August 16, 2019
Author
Alabama Arise
Blog

CFPB’s move to gut consumer protections shows need for state-level payday lending reform

The Consumer Financial Protection Bureau (CFPB) should serve consumers, not the industries it regulates. That’s why Alabama Arise submitted a comment last week objecting to the CFPB’s plan to reverse an important consumer protection. And that’s why Arise will continue to push for needed reforms at the Legislature. The federal ability-to-repay rule, set to take [...]
Issue
Payday & Title Lending Reform
Date
May 24, 2019
Author
Dev Wakeley
Fact Sheet

Federal ability-to-repay rule protects payday borrowers, Alabama Arise tells CFPB

Director Kathleen Kraninger: I read with disappointment your recent proposal to rescind the thoroughly considered, factually grounded Consumer Financial Protection Bureau (CFPB) rule provision mandating ability-to-repay determinations by lenders offering payday, title and balloon loans. As a policy organization working to advance the public good in a state with wholly insufficient consumer protections for borrowers, [...]
Issue
Payday & Title Lending Reform
Date
May 15, 2019
Author
Dev Wakeley
Blog

Arise legislative recap: May 10, 2019

The Consumer Financial Protection Bureau (CFPB) is threatening to reverse a rule that promotes financial security for borrowers across the country. This week, we look at the CFPB’s proposal to eliminate a requirement for payday lenders to determine whether borrowers have the ability to repay before lending to them. Arise’s Mike Nicholson discusses this proposed [...]
Issue
Payday & Title Lending Reform
Date
May 10, 2019
Author
Matt Okarmus
Blog

Payday lending is crushing Alabama communities. Our new report offers solutions

Alabama has more payday and title lenders than hospitals, high schools, movie theaters and county courthouses combined. The industry churns a profit out of desperate, financially fragile borrowers. And unfortunately, Alabama’s weak consumer protections provide them with plenty. We explore these problems in depth and offer policy solutions in “Broke: How Payday Lenders Crush Alabama [...]
Issue
Payday & Title Lending Reform
Date
April 12, 2019
Author
Dev Wakeley
Report

Broke: How payday lenders crush Alabama communities

Alabama Arise and Alabama Appleseed Center for Law and Justice teamed up to produce this report on the history, financial effects and human impact of high-cost payday lending in our state. The report highlights and executive summary are below. Click here to read the full report, or click the "Download" button at the top of [...]
Issue
Payday & Title Lending Reform
Date
April 11, 2019
Author
Alabama Arise
Blog

The CFPB should keep protections for payday borrowers

Borrowers across the country deserve stronger protections, not weaker ones. Unfortunately, the Consumer Financial Protection Bureau (CFPB) recently decided to reopen its 2017 rulemaking on payday lending. And that move would put the financial health of hundreds of thousands of people at risk. The CFPB director seeks to eliminate a requirement for payday lenders to [...]
Issue
Payday & Title Lending Reform
Date
March 13, 2019
Author
Dev Wakeley
Fact Sheet

30 days to pay: A simple but important step forward on payday lending reform in Alabama

Alabama borrowers pay interest rates of 456 percent a year on payday loans. These high-cost loans trap thousands of struggling Alabamians in a debt cycle that deepens poverty and hurts the state’s economy. SB 75, sponsored by Sen. Arthur Orr, R-Decatur, along with a House version sponsored by Rep. Danny Garrett, R-Trussville, would extend the [...]
Issue
Payday & Title Lending Reform
Date
March 12, 2019
Author
Alabama Arise
News Releases

Medicaid expansion, end to grocery tax highlight Alabama Arise’s 2019 priorities

Medicaid expansion and legislation to end the state sales tax on groceries are among the top goals on Alabama Arise’s 2019 legislative agenda. More than 200 Arise members picked the organization’s issue priorities at its annual meeting Saturday, Sept. 8, 2018, in Montgomery. The seven issues chosen were: Tax reform, including untaxing groceries and closing [...]
Issues
Budgets, Criminal Justice, Health, Payday & Title Lending Reform, Public Transportation, Tax Reform, Voting Rights
Date
September 12, 2018
Author
Chris Sanders
Fact Sheet

Payday lending reform: Ending a debt trap in Alabama

On busy highways and run-down streets across the state, you can’t miss them: big, bright signs promising easy money. From payday loans to auto title pawns to anticipation loans on tax refunds, Alabamians face a dizzying array of credit services designed to trap consumers in financial quicksand. This fact sheet highlights the pitfalls of payday [...]
Issue
Payday & Title Lending Reform
Date
May 31, 2018
Author
Dev Wakeley