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Governor Bentley announces new measure to protect against payday loans

On September 18, Alabama Governor Robert Bentley signed a new consumer protection measure that will help people from taking on exorbitant debts as a result of payday loans.

As the Alabama Deferred Presentment Services Act does not allow payday lenders to give people who already have over $500 in payday loan debt more loans, this new measure from Governor Bentley also helps protect lenders to remain in compliance with state law.

However, there is no existing uniform, state-wide database that ensures both lenders and borrowers will comply. Governor Bentley called for a centralized payday loan database to resolve this problem that hopefully will be operational by January of 2014.

Unfortunately, payday loans and other debts can cause individuals serious financial struggles. If you are in such a situation in Birmingham, talk with an attorney from Greenway Bankruptcy Law, LLC, today about your financial options for getting out of debt. We can discuss your bankruptcy and other financial options with you when you call (205) 324-4000.

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505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000