Payday lenders sue to block Alabama database - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Payday lenders sue to block Alabama database

Payday loan businesses are suing to block a new loan database planned by the Alabama Department of Banking.

Several payday loan businesses, including Cash Mart, Rapid Cash and Quick Cash, filed the suit in Montgomery County Circuit Court and asked Circuit Judge Truman Hobbs to stop the department from creating the database by regulation.

Gov. Robert Bentley announced last week the Department of Banking would start a database of payday loans to make sure lenders don't issue more than the $500 limit allowed by state law.

[RELATED: Montgomery & Wetumpka issue payday loan moratoriums]

The payday loan businesses argue that the state is trying to create the database by regulation after the Legislature rejected a bill to do it last spring. The suit also contends the database is discriminatory because it doesn't apply to banks and online lenders.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Heartland NewsMore>>

  • What you need to know May 24

    What you need to know May 24

    Thursday, May 24 2018 5:27 AM EDT2018-05-24 09:27:29 GMT
    The sun should warm up the Heartland today.  (Source: Raycom Media)The sun should warm up the Heartland today. (Source: Raycom Media)
    The sun should warm up the Heartland today.  (Source: Raycom Media)The sun should warm up the Heartland today. (Source: Raycom Media)

    Good morning it is Thursday, May 24. First Alert Forecast We’ll have another mainly dry, warm day.

    Good morning it is Thursday, May 24. First Alert Forecast We’ll have another mainly dry, warm day.

  • What you need to know May 23

    What you need to know May 23

    Thursday, May 24 2018 5:15 AM EDT2018-05-24 09:15:13 GMT
    Expect milder temps today (Courtesy: Heartland News)Expect milder temps today (Courtesy: Heartland News)

    Good morning, it is Wednesday, May 23 First Alert Forecast It won't be quite as muggy today. 

    Good morning, it is Wednesday, May 23 First Alert Forecast It won't be quite as muggy today. 

  • First Alert: Warm evening, not as muggy

    First Alert: Warm evening, not as muggy

    Wednesday, May 23 2018 10:14 PM EDT2018-05-24 02:14:10 GMT
    Sunrise over Lake Girardeau (Source: Rob Foote/KFVS)Sunrise over Lake Girardeau (Source: Rob Foote/KFVS)

    Temperatures will be warm this evening, but it will not be as muggy.

    Temperatures will be warm this evening, but it will not be as muggy.

Powered by Frankly