Legislation to limit interest on title and pay day loans in Alabama suffered a blow Wednesday morning when the House Financial Services Committee sent the bills to a subcommittee. A public hearing had been held before that decision was announced. Stephen Stetson, a policy analyst for Alabama Arise spoke in favor of the legislation. Charles Hunter with Triton Management, a group representing Title Lenders, says consumers aren't being forced to enter into contract with companies. The bills by Democratic Representatives Patricia Todd of Birmingham and Rod Scott of Fairfield would cap interest rates at 36 percent APR, limit the number of loans someone can take out in a year and create a database to track loans.
Roads and Bridges Legislation
Governor Robert Bentley signed legislation to help all counties participate in a program to repair roads and bridges. The 600 million dollar project allows the state to pay up to 80 percent and local governments pay 20 percent toward improvements. Governor Bentley says the Alabama Transportation Rehabilitation Improvement program is the largest bridge and road repair program to ever occur in Alabama.
Active Shooter Strategic Plan
Alabama's secretary of law enforcement has prepared a plan for preventing and responding to active shooters. The state plan calls for more law enforcement training and greater efforts to educate the public to report suspicious activity.