The Bureau decided to begin the process of fact gathering to assess whether there was a need for federal regulations at the same time

to stop unjust, misleading, or acts that are abusive techniques. In January 2012, the Bureau held an industry hearing in Birmingham, Alabama to listen to directly from stakeholders plus the general public about real customer experience with tiny buck loans, including both loans made available from non-depository institutions and loans made available from particular banking institutions and credit unions. Alabama is circumstances with one of several greatest quantity of payday loan providers per capita in…