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Can Alabama Crack Down on Predatory Lending?

Can Alabama Crack Down on Predatory Lending?

On Thursday, President Obama is planing a trip to Alabama, where he could be likely to discuss payday advances, among other financial dilemmas. Considering that the early 1990s, the vibrant colored storefronts of payday loan providers, with discreet names like CASHMONEY and CA$HMONSTER, have sprung up in (mostly) low-income communities across the united states of america.