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 All Over Birmingham Metro Region

Alabama has more payday lenders per capita than all but four other states in the united kingdom, based on a study that is new Auburn University.

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

The research provides some gas for that argument: it discovered a relationship that is significantly positive the amount of payday financing shops towards the wide range of banking institutions and bank branches and also the portion for the populace that is African-American.