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President Obama is visiting Alabama, to go over pay day loans, among other financial dilemmas.

President Obama is visiting Alabama, to go over pay day loans, among other financial dilemmas.

President Obama is visiting Alabama, to go over pay day loans, among other financial dilemmas.

A pay day loan storefront. (picture: frankieleon Flickr)

On Thursday, President Obama is planing a trip to Alabama, where he could be likely to discuss payday advances, among other issues that are economic. Considering that the early 1990s, the vibrant colored storefronts of payday lenders, with subdued names like CASHMONEY and CA$HMONSTER, have actually sprung up in (mostly) low earnings communities throughout the united states of america. Alabama has one of many highest amounts of payday loan provider shops in the united states, and policymakers within the state want to break straight straight down on such “predatory” lending techniques. Leer más Acerca dePresident Obama is visiting Alabama, to go over pay day loans, among other financial dilemmas.