Consumers in Alabama still don't have a way to track so called payday loans in our state. A proposed A database to track payday loans in Alabama remains on hold because of a court fight. The system is aimed at improving enforcement of a $500 limit on the amount of payday loans a person can have. But payday lenders sued Alabama's Banking Department to block creation of the system last year. A judge in Montgomery ruled against the industry in August and the industry appealed. The state Banking Department says it hopes to have a final decision soon. The state signed a contract with a Florida company to build the database, and legislators approve the deal earlier this month. But the work remains on hold because of the litigation.
Alabama still waiting on PayDay Loan tracking system
