Payday Check Loans

Alabama judge throws out lenders that are payday lawsuit

Alabama judge throws out lenders that are payday lawsuit MONTGOMERY, AL (WSFA) - A Montgomery County Circuit Court judge is tossing down case filed by payday loan providers who desired to challenge their state's development of a central database to monitor the loans. Payday advances are short-term, frequently high interest loans that may have prices up to 456 %. People who brought the suit stated the Alabama State Banking Department had been surpassing its authority by producing the database, capping loans...

Read more...