![]() |
Brought to you by Sunny King Honda
Monday, September 23, 2013
Payday loan businesses are suing to block a new loan database planned by the Alabama Department of Banking.
Several payday loan businesses, including Cash Mart, Rapid Cash and Quick Cash, filed the suit in Montgomery County Circuit Court and asked Circuit Judge Truman Hobbs to stop the department from creating the database by regulation.
Gov. Robert Bentley announced last week the Department of Banking would start a database of payday loans to make sure lenders don't issue more than the $500 limit allowed by state law.
The payday loan businesses argue that the state is trying to create the database by regulation after the Legislature rejected a bill to do it last spring. The suit also contends the database is discriminatory because it doesn't apply to banks and online lenders.
Dental Health is Important for Children's 'Baby Teeth'
Lamb Chops and Red Wine: A Perfect Easter Pairing
Alabama Department of Public Health issues 2016 Fish Consumption
Aquarium animals and plants should never be released in the wild
Keywords: Payday loan businesses ,Alabama Department of Banking,Montgomery County Circuit Court ,Gov. Robert Bentley ,
Visit Local News
There currently are no approved comments for this blog article. To join the discussion click here.