Rally picture holding signs in airT-CAPP, Tuscaloosa Citizens Against Predatory Practices
Our mission is to work with the legislature to pass a 36% cap on payday loans.




Bad News from Montgomery – dated May 26, 2015, from Beebe McKinley


I just received an e-mail from Shay Farley with a report about our bills:

I’m sad to share that Blackwell’s payday bill (SB335) is dead for this session. Due to chamber rules, all bills must pass out of the Senate by the 25th legislative day. As today was the 25th day, chances for the bill’s passage died with their adjournment this evening. (Same, obviously, goes for Sen. Orr’s bill, SB110.)

As of this writing, the House Financial Services committee has not posted an agenda for tomorrow (they typically post Monday). While the House rules allow passage through the 27th day, failure of the committee to meet & take up the title bill tomorrow means Rep. Scott’s bill (HB400) is likely dead as well. It is possible – but extremely unlikely – for the FS committee to meet tomorrow or on Thursday with little notice. Similarly, while procedurally possible, we don’t expect Rep. Garrett’s payday bill (HB531) to be resurrected in the House by next Tuesday (the 27th legislative day).

I know this news brings frustration & disappointment but I wanted to express my gratitude for the individual & collective actions taken to shepherd these bills & motivate legislators towards passage.

We got further than we have ever gotten in the legislature this year because of this group and your vast networks! Thank you!!

We will certainly debrief, recount successes & analyze our next steps shortly after the session.

The group to which she refers is T-CAPP and many other groups around the state who have worked so hard.

After we learn more we will regroup and fight another day. Sorry to give you such bad news, but we are not through by a long shot.

Have a rest.


  • Usury is a long-established principle, from religious to legal texts, and is universally considered harmful to our society and economy
  • Payday lending costs Alabama $224 million every year in predatory fees paid mostly to out-of-state companies
  • Martha and Willie Fort at RallyPayday loans can have an interest rate of 456% annual percentage rate (apr); title loans can have 300% apr
  • Alabama has more title loan lenders, per capita, than any other state and four times as many payday lenders as there are McDonald’s restaurants
  • Every $1 of interest paid to a high-cost lender takes $1.94 out of local economies
  • There are at least 15 biblical injunctions against usury
  • States with two-digit interest rate caps save their citizens nearly $2 billion per year
  • Lenders who say they cannot function at 36% apr have a flawed business model. Credit card companies do it
  • The Military Lending Act of 2007 protects active military by restricting the amount of interest on short-term loans to 36% apr
  • T-CAPP’S goal is to establish a cap of 36% apr on lending practices

Sources: Alabama Arise, Southern Poverty Law Center, Insight Center for Community and Economic Development  7/22/14, Center for Responsible Lending, Alabama Appleseed (2-3-15)



Alabama AriseT-CAPP-logo

Southern Poverty Law Center

T-CAPP’s Facebook Page

Insight Center for Community and Economic Development

Center for Responsible Lending

Alabama Appleseed