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Payday Lending Amendment Would Cap Interest at 36%

Tuesday, March 7, 2017
Andrew J. Yawn | Montgomery Advertiser
Diane Standaert

About $480 million in payday and car title loan interest fees is paid each year by Alabamians, the sixth highest annual figure in the nation, said Diane Standaert, director of state policy at the Center for Responsible Lending. Of that total, $116 million was from payday loans.