Attorney Gets 8 Years in Jail for Role in Payday Lending Scheme

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Gallery: Payday Lenders Multiply Round The Birmingham Metro Region

Alabama has more payday lenders per capita than all but four other states in the united states, in accordance with a brand new research from Auburn University.

Some view these services as predatory to low-income or neighborhoods that are heavily african-American plus some towns and cities in Alabama are managing them.

The research provides some gas for the argument: it discovered a considerably positive relationship between the amount of payday financing shops into the range https://titleloansusa.info/payday-loans-ut/ banking institutions and bank branches plus the portion associated with populace this is certainly African-American.