Two new bills would perpetuate predatory lending
SB 284, a bill that has just been filed in the legislature, would go a long way toward protecting Alabama borrowers from unaffordably high interest rates on small dollar loans.
The Women’s Fund supports SB 284 and we need your help to get it out of committee.
This one bill covers payday, title pawn, and other small dollar loans. It creates a balanced solution by retaining borrowers’ access to emergency loans with restrictions that will prevent lenders from creating a debt trap.
There is a public hearing on this bill in the County and Municipal Government Committee scheduled for Wednesday, March 15.
Committee members need to hear from you TODAY.
Please call the two Birmingham-area committee members with this simple message:
SB 284 protects consumers while keeping lending options open. I request that Sen. ___________, as a member of the County and Municipal Government Committee, vote YES on SB284 so that it can be considered by the full Senate.
You can call either or both of the numbers listed here:
Sen. Pricilla Dunn (Jefferson County/Bessemer): 334-242-7793 or 205-426-3795Sen. Jabo Waggoner (Jefferson County): 334-242-7892 or 205-978-7405
We are so grateful for your support! Please consider sharing this page with your friends — we need all the help we can get.
To learn more about predatory lending and to sign up for our advocacy alert emails, click here.
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