predatory lending http://apr.org en Alabama Legislature Mulling Payday Loan Regulation http://apr.org/post/alabama-legislature-mulling-payday-loan-regulation <P>A coalition of groups is pushing legislation to place tighter regulations on payday and title loans, including limiting interest to 36 percent annually.</P> <P>The groups, including the Southern Poverty Law Center, Arise Citizens' Policy Council and AARP, say payday loans and title loans are a paradise for predatory lenders. At a news conference Thursday, they said interest rates can hit 456 percent annually for payday loans and 300 percent for title loans. Thu, 28 Feb 2013 22:11:41 +0000 The Associated Press 25839 at http://apr.org Alabama Legislature Mulling Payday Loan Regulation