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New Payday Loan Protections Revoked by the buyer Financial Protection Board

Payday financing has always been controversial. These high-interest loans can be a trap for consumers–typically, the consumers who can least afford it while payday loan providers bill themselves as an important safety net for people in need of quick cash to cover unexpected expenses.

Relating to data held in the Alabama Department of Banking, in 2019, Alabamians lent about $563.6 million from lenders in Alabama and took out 1.6 million payday online payday loans Ohio advances. Read the rest of this entry »