Payday & Title Lending Reform

When low wages fail to cover the cost of living, many desperate borrowers turn to payday or auto title loans. But because Alabama law allows annual percentage rates of up to 456 percent for payday loans and 300 percent for title loans, these loans sap wealth from far too many families and communities.

Arise has worked for years to explain the dangers of high-cost lending for Alabama consumers, and our advocacy was a key force behind the 2015 creation of a statewide payday loan database, which allowed the state to enforce certain limits on payday loans. We continue to explore the burden that high-cost loans place on struggling Alabamians and to highlight policies that other states have enacted to protect consumers.