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

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

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Gallery: Payday Lenders Multiply Across The Birmingham Metro Region

Alabama has more payday lenders per capita than all but four other states in the nation, in accordance with a study that is new Auburn University.

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

The analysis provides some gas for that argument: it discovered a dramatically good relationship between the amount of payday financing shops to your amount of banking institutions and bank branches and also the portion associated with the populace that is African-American.

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