By Bill Britt
Alabama Political Reporters
MONTGOMERY—Senate Bill 449 was a bill introduced by President Pro Tem Del Marsh (R-Anniston) was promoted as reforming payday lending in Alabama.
However, it is believed that Marsh is set to introduce a substitute to SB449 that favors the payday lenders and guts Marsh’s promised reforms.
Marsh, had said that SB449, would prohibit borrowers from taking out more than six loans per year. The