Bill Introduced to Forbid Unsolicited Live Loan Checks

(Alabama Political Reporter) - Monday U.S. Senator Doug Jones (D-Alabama) joined Senators Tom Cotton (R-Arkansas) and Jeff Merkley (D-Oregon) in introduced legislation that would end the practice of mailing high-interest loans to consumers in the form of live" checks. When consumers receive these loan checks many unknowingly believe they have received money from their bank or financial institution not realizing that the check is often a high-interest loan. Read More