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Simple Cash, Impossible Financial Obligation: Exactly Exactly How Predatory Lending Traps Alabama’s Bad In this specific article Executive Overview Tricks regarding the Trade Victimized Buyer Beware Safeguards Needed Exactly Exactly Exactly What Then? Acknowledgements Letter to Richard Cordray This report contains tales of an individual and families across Alabama who possess dropped into this trap. Executive Summary Alabama has four times as numerous payday loan providers as McDonald’s restaurants. And has now more name loan loan providers, per capita, than just about virtually any state. This would come as not surprising. Using the nation’s third highest poverty price and a shamefully lax regulatory environment, Alabama is a haven for predatory...
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