分类目录归档:Quik Cash Payday Loans

Alabama judge throws out payday lenders’ lawsuit

MONTGOMERY, AL (WSFA) – A Montgomery County Circuit Court judge is tossing away case filed by payday loan providers who sought to challenge their state’s creation of a central database to monitor the loans. Pay day loans are short-term, frequently high interest loans that may have prices up to 456 per cent.

Those that brought the suit stated the Alabama State Banking Department had been surpassing its authority by producing the database, capping loans at $500 and making certain customers never get multiple loans that go over the limit. 继续阅读Alabama judge throws out payday lenders’ lawsuit