AARP Alabama Statement on Montgomery Circuit Court Ruling

Contact: Jamie Harding
Phone: 205-470-1265
JHarding@aarp.org
FOR IMMEDIATE RELEASE

AARP Alabama Statement: Montgomery Circuit Court Ruling a Positive Step Forward for Alabama Consumers

AARP Alabama’s Interim State Director, Candace Williams, issued the following statement on behalf of AARP Alabama, following the dismissal of a suit by payday lenders seeking to block creation of a state database:

“We are very pleased by the court’s ruling, which is a positive step forward in protecting Alabama consumers from predatory lenders. Creation of a state database of borrowers will mean that vulnerable Alabamians can be protected from incurring endless cycles of debt from which they cannot escape. Capping the amount that can be borrowed by an individual consumer will protect our people and communities from the tremendous personal and community-wide economic damage that these predatory lenders inflict all across our state.”

“Along with numerous other community and faith-based organizations throughout our state, AARP Alabama will continue to advocate for legislation that will cap interest rates, which are currently still as high as 456% APR for payday loans. We look forward to working toward that goal in the 2015 legislative session.”

About AARP
AARP is a nonprofit, nonpartisan organization, with a membership of more than 38 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name as well as help our members obtain discounts on a wide range of products, travel, and services. A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world's largest circulation magazine; AARP Bulletin; www.aarp.org; AARP TV & Radio; AARP Books; and AARP en Español, a Spanish-language website addressing the interests and needs of Hispanics. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. The AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org.

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