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Bill will give Alabama pay day loan borrowers additional time to cover

Bill will give Alabama pay day loan borrowers additional time to cover

Birmingham-Southern College President Emeritus Neal Berte talks to get payday reform legislation in the Alabama State home. From left, Reps. Neil Rafferty, Merika Coleman and David Faulkner.

Alabama lawmakers from both events and advocacy teams talked today to get a bill to provide loan that is payday more hours to settle loans, a big change they stated would help protect economically delicate borrowers from spirals of financial obligation.