Alabama

Some Alabama lawmakers pushing for payday loan reform

MONTGOMERY, Ala (WRBL) - Most people go to payday loan companies to get short term or small amount loans.

But some lawmakers say these companies are taking advantage of some of the most vulnerable people. 

Critics of the industry say Alabama has one of the highest payday interest loan rates in the nation.

News 3’s Reshad Hudson bring us more on how some lawmakers are pushing to change that.


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