Supporters work to save bills to regulate loans

Published April 13, 2013 5:01pm ET



MONTGOMERY, Ala. (AP) — Two bills to further regulate the payday loan and title pawn industries and lower interest rates for those transactions were referred to an Alabama Legislature subcommittee last week, a process that sometimes means death for legislation.

But supporters of the measures said they remain hopeful that something will be done in the current session to make the loan transactions more consumer-friendly.

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