Lending documents indicated that a customer who borrowed $500 would only have a finance charge of $150, for a total payment of $650- but the actual finance charge was $1,425. Read more
The problem represented by predatory payday lending practices has been nationally recognized. Read more
According to the complaint in FTC’s lawsuit, the scheme swindled nearly $7.1 million from the accounts of more than 500,000 consumers. Read more
In our work on behalf of consumers, lawyers in the firm come across defective products on a regular basis. In most of these cases, the manufacturers of the products know the dangers, but the... Read more
Once again, an effort is being made in the Alabama legislature to reform the predatory lending practices of so-called “payday loans” and “title loans.” These lenders prey on the poor, offeri... Read more
As we have written previously, payday loans that come by way of the internet have become a major problem. These payday loans have very high interest rates and other exorbitant fees, causing... Read more
It was reported recently that major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 50... Read more
A coalition of groups in Alabama is pushing legislation to place tighter regulations on payday and title loans, including limiting interest to 36 percent annually. The groups, including the... Read more
Our firm deals with litigation involving “defective products” on a regular basis, and most of these cases involve motor vehicles. But there are two products on the market in Alabama and in o... Read more
I have said on numerous occasions, and have written in previous issues, that payday loans are bad news for working folks. A short-term payday loan may seem like the only option to get a fami... Read more
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