Pay day loan bill dies, but problem maybe perhaps not dead

MONTGOMERY, Ala. (WAFF) – just last year, 189,231 Alabamians took down 1.6 million pay day loans worth about $563.6 million from lenders within the state. They paid about $98.4 million in costs, in accordance with a database held by the Alabama Department of Banking. “It’s definitely massive, ” Dev Wakeley, an insurance plan analyst when it comes to modern advocacy team Alabama Arise, said recently in regards to the charges paid by borrowers. “All this…