AT ISSUE: Payday and auto title lending in Alabama
How much should people have to pay to get financial help in a tight spot? Payday and auto title lending are two forms of high-cost credit marketed toward Alabamians who are desperate for short-term cash. These loans carry triple-digit interest rates that can threaten the economic well-being of borrowers who fall behind on payments.
A fresh start: Debtor protections in Alabama
When people fall into debt, it shouldn't ruin their lives. Nearly every state endorses this simple idea by placing some limits on how much creditors can collect from people struggling to pay what they owe. But in Alabama, weak and outdated limits make it much harder for many debtors to rebuild their lives after a judgment.
Alabama's exemptions from debt collection are far lower than those in many nearby states. This issue brief examines how an update to the state's exemptions could give people who are struggling with debt a better chance to keep working and continue meeting their family's basic needs.
Auto title loans harm Alabama workers
Alabama lets auto title lenders charge an annualized percentage rate (APR)of up to 300 percent. The Military Lending Act of 2007 caps interest rates to service members (and their dependents) at 36 percent. Don't all Alabamians deserve the same consumer protection?
This brief by ACPP and Alabama Appleseed describes Alabama's auto title loan problem and offers real solutions.
456 percent should be illegal
Alabama law lets payday lenders charge an annualized percentage rate (APR) of 456 percent. Georgia, North Carolina and Arkansas have all said that consumer lending at triple-digit interest is an illegal exploitation of their residents.
This issue brief from ACPP and Alabama Appleseed outlines Alabama's payday loan problem and offers real solutions.
Immigration Policy Choices 2012
Alabama in 2011 passed the nation's harshest anti-immigrant law, HB 56. Designed to make life difficult for undocumented immigrants and cause them to leave Alabama, the law has had a far broader impact, bringing national scorn, widespread economic harm and personal hardship to citizens as well as non-citizens. The law disproportionately affects low-income Alabamians, regardless of their immigration status.
"Immigrants, Go Home!": Alabama's 2011 Immigration Law
Alabama has had its share of unflattering national spotlights. But it's been a while since the glare has been as widespread and piercing as it has been in the wake of HB 56, the state's new anti-immigrant law. Critics and supporters alike consider the new law to be the harshest among recent anti-immigrant measures across the country.
This fact sheet by ACPP policy analyst Stephen Stetson examines the socioeconomic and political factors that gave rise to the law and its far-reaching major provision.
Same Work, Less Pay: The Wage Gap in Alabama
Imagine the uproar if football officials suddenly were to declare touchdowns worth six points for one team but only five points for the other. Many workers both in Alabama and nationwide encounter just that sort of shortfall with every paycheck they receive. Despite decades of steady improvement, sizable earnings gaps remain between women and men and between racial minorities and non-minorities, both in Alabama and nationwide.
This fact sheet examines the history of wage discrimination, the scope of today's disparities and how an Equal Pay Commission could help Alabama close the gap.
Hard Cash: Predatory Lending in Alabama
On busy highways and run-down streets across the state, you can't miss them -- big, bright signs promising easy money. From payday loans to refund anticipation loans to title pawns, Alabamians face a dizzying array of credit services designed to trap consumers in financial quicksand.
This updated fact sheet provides new information on predatory lending in Alabama.
Don't make hard times worse
The U.S. economy has begun to grow since the Great Recession ended in June 2009, but economists predict unemployment will remain unacceptably high throughout next year.
This policy brief explains some of the ways the recession affected the country in general and Alabama in particular, and why Congress needs to continue for a full year the temporary unemployment insurance (UI) program scheduled to expire Nov. 30, 2010.
ADECA letter to U.S. Rep. Maxine Waters
Several concerns of Katrina advocates are reflected in this April 17, 2009, letter from Alabama Department of Economic and Community Affairs director Bill Johnson to U.S. Rep. Maxine Waters.