On Thursday, President Obama is planing a trip to Alabama, where he could be likely to discuss pay day loans, among other issues that are economic. Because the early 1990s, the extremely colorful storefronts of payday loan providers, with simple names like CASHMONEY and CA$HMONSTER, have actually sprung up in (mostly) low-income communities throughout the usa. Alabama has one of many greatest variety of payday loan provider shops in the united states, and policymakers when you look at the state are making an effort to break straight straight down on such “predatory” financing techniques. Continue reading →