Protection from predatory loan providers ought to be element of Alabama’s response that is COVID-19

Protection from predatory loan providers ought to be element of Alabama’s response that is COVID-19

While COVID-19 forces Alabamians to cope with health problems, work losings and disruption that is drastic of life, predatory loan providers stand prepared to make the most of their misfortune. Our state policymakers should work to safeguard borrowers before these harmful loans make the pandemic’s devastation that is financial even worse.

The amount of high-cost pay day loans, which could carry yearly portion prices (APRs) of 456per cent in Alabama, has reduced temporarily through the pandemic that is COVID-19. 继续阅读“Protection from predatory loan providers ought to be element of Alabama’s response that is COVID-19”