Payday loans

Committee Votes Down Payday Loan Restrictions in Alabama

A Senate committee has voted down a proposal to give payday lending customers longer to repay their loans. Lawmakers voted 6-8 against the bill that would give borrowers 30 days to repay a loan instead of as little as 10 days. Opposed senators said they believed people would turn to internet lenders if the payday lending stores weren’t available in…