http://www.politicalparlor.net/wp/2007/03/22/payday-loans-bad-bill-good-bill/ & Home of Lawn Mower Repair Fri, 29 Aug 2008 04:32:36 +0000 http://wordpress.org/?v=2.0.5 http://www.politicalparlor.net/wp/2007/03/22/payday-loans-bad-bill-good-bill/#comment-10804 Mon, 08 Oct 2007 19:54:23 +0000 http://www.politicalparlor.net/wp/2007/03/22/payday-loans-bad-bill-good-bill/#comment-10804 [...] The interest rate for most loans to Alabamians is capped at 36% APR by the Small Loan Act, but the legislature passed a law exempting payday loans from the statute after the banking industry sued payday loan businesses to bring them into compliance. Last fall, Sen. Lowell Barron (D - Fyffe) claimed to be committed to reforming the payday loan industry in the state, but the legislation he eventually proposed appeared to be written by the industry itself. Then-Senator Bradley Byrne (R - Fairhope) proposed the real change in the industry with a bill that would subject payday loans to regulation under the existing Small Loan Act. [...] […] The interest rate for most loans to Alabamians is capped at 36% APR by the Small Loan Act, but the legislature passed a law exempting payday loans from the statute after the banking industry sued payday loan businesses to bring them into compliance. Last fall, Sen. Lowell Barron (D - Fyffe) claimed to be committed to reforming the payday loan industry in the state, but the legislation he eventually proposed appeared to be written by the industry itself. Then-Senator Bradley Byrne (R - Fairhope) proposed the real change in the industry with a bill that would subject payday loans to regulation under the existing Small Loan Act. […]

]]> http://www.politicalparlor.net/wp/2007/03/22/payday-loans-bad-bill-good-bill/#comment-2823 Fri, 23 Mar 2007 00:40:12 +0000 http://www.politicalparlor.net/wp/2007/03/22/payday-loans-bad-bill-good-bill/#comment-2823 At the urging of military leaders? When I was in the military, predatory lending places were simply placed on a somewhat long, "Off limits" list. We weren't allowed to go there. There were also establishments that we weren't allowed to go to, even though they were obviously meant to financially punish businesses. For example, there was a barber that told a black sailor he didn't cut [n-word] hair. At the urging of military leaders? When I was in the military, predatory lending places were simply placed on a somewhat long, “Off limits” list. We weren’t allowed to go there. There were also establishments that we weren’t allowed to go to, even though they were obviously meant to financially punish businesses. For example, there was a barber that told a black sailor he didn’t cut [n-word] hair.

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