Top Tweets for #30DaysToPay
@EnslerPhillip Thanks for your service! On the financial services committee, I hope you can stand with consumer groups and work to implement more reasonable regulations to protect borrowers. Extending payday loan terms from 14 to 30 days would give borrowers more time. #30DaystoPay
Beebe McKinley: More than half of Alabamians support an outright ban on payday lending. Nearly 3/4 support a 36% APR rate cap or a guarantee of #30DaysToPay for payday loans. #StoptheDebtTrap #Arise2021
Arise’s @DevWakeley on the recent Senate committee rejection of the #30DaysToPay bill: “When you talk to your legislators, tell them we can and should do better on payday lending.” #StopTheDebtTrap
"One disappointing vote didn't change the need for meaningful protections for Alabama borrowers," Arise's @DevWakeley writes on our blog. "And it won't stop Alabama Arise's work to make that happen." #30DaysToPay #StopTheDebtTrap #alpolitics https://t.co/h7rfcve0I1
"The Legislature has had multiple opportunities to act, and I'm really discouraged to see this committee not move this bill forward," Arise's @robynhyden tells @LydiaNusbaum. #30DaysToPay #StopTheDebtTrap #alpolitics
Today's Senate committee vote against #30DaysToPay was a setback for Alabamians struggling to repay payday loans with interest rates of up to 456% APR. "There are too many people trapped in debt," Arise's @robynhyden tells @StatehouseKim. #alpolitics https://t.co/DqnXRgJEdY
"In Alabama, high-cost payday loans cost struggling people tens of millions of dollars every year," Arise's @DevWakeley writes on our blog. The #30DaysToPay plan could help many borrowers avoid spiraling into deep debt. #StopTheDebtTrap #alpolitics https://t.co/GAiZYAH9i9
"The very least we can do is to ensure an out of state industry is not treating our people’s hardships as a cash cow." @wsfa12news looks at how #30DaysToPay would help #StopTheDebtTrap for many payday loan borrowers in Alabama. #alpolitics https://t.co/D3kgGpgyLl
The payday lending industry "churns a profit out of desperate, financially fragile borrowers. And unfortunately, Alabama’s weak consumer protections provide them with plenty," Arise's @DevWakeley writes. Our report shows how #30DaysToPay would help #StopTheDebtTrap. #alpolitics
"We have sat down with borrowers from Huntsville to Dothan and plenty of places in between, and we can tell you that these high-cost loans are doing no favors for families facing hardships in Alabama." #StopTheDebtTrap #30DaysToPay #alpolitics
Alabama lawmakers from both parties and advocacy groups spoke today in support of a bill to give payday loan customers more time to pay off loans, a change they said would help protect financially fragile borrowers from spirals of debt. https://t.co/xa4JijOKwQ
Every year, thousands of desperate Alabamians get trapped in deep payday loan debt. Our report with @AlaAppleseed explores how #30DaysToPay and other policy solutions would help protect consumers, Arise's @DevWakeley writes. #StopTheDebtTrap #alpolitics https://t.co/yI6IVBZz5e
As Sen. Arthur Orr said, "We have a 30-day term for our mortgage payments or debt transactions. Why should we not allow the same type of term for a payday loan?" #paydayreform #30DaysToPay #alpolitics
Payday loan reform advocates will try again this session with a "30-days-to-pay" bill. Previous efforts have often run aground in the House Financial Services committee. https://t.co/MAED3lAK48 #alpolitics
Stand up and support working families across the state! Call your state representatives and senators and tell them to support HB 258! #paydayreform #30DaystoPay #alpolitics
.@RepRafferty: Payday loans often “make hard times even harder for working families.” Lenders “extract more than $100 million from the pockets of Alabamians every year, and that’s just in fees alone.” #paydayreform #30DaysToPay #alpolitics
Check out our new report with @AlaAppleseed on the human and financial toll that high-cost payday lending is taking on struggling Alabamians and communities across our state. #paydayreform #30DaysToPay #alpolitics https://t.co/UKLEFGhYVB
Arise’s @robynhyden: We’ve been working on #paydayreform for more than a decade. “We’re tired of waiting. It’s time to act.” #30DaysToPay #alpolitics
Dana Sweeney of @AlaAppleseed recounts personal stories of how high-cost payday loans derailed the lives of struggling Alabamians who borrowed for purposes like fixing a car or burying a relative. #paydayreform #30DaysToPay #alpolitics
.@RepColeman: The payday lending industry disproportionately targets low-income Alabamians who already struggle to make ends meet. “We need to make sure that ‘the least of these’ have a fair shot.” #paydayreform #30DaysToPay #alpolitics
.@RepRafferty: Payday loans often “make hard times even harder for working families.” Lenders “extract more than $100 million from the pockets of Alabamians every year, and that’s just in fees alone.” #paydayreform #30DaysToPay #alpolitics
.@DannyGarrett44: #Paydayreform is “an issue that cuts across liberal and conservative lines. ... We’re not talking about eliminating [payday lending]. We’re just talking about making it more fair.” #30DaysToPay #alpolitics
![AlabamaArise's tweet photo. .@DannyGarrett44: #Paydayreform is “an issue that cuts across liberal and conservative lines. ... We’re not talking about eliminating [payday lending]. We’re just talking about making it more fair.” #30DaysToPay #alpolitics https://t.co/UiGpVb7Pe7](https://pbs.twimg.com/media/D34ac-WXkAAi6DM.jpg)
Dr. Neal Berte: 3/4 of Alabamians support either a 36% APR rate cap or a longer repayment period for payday loans in Alabama. #paydayreform #30DaysToPay #alpolitics
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