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Volume
1 Issue 4 - June 2001
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![]() William Parker "Inside the Capitol, Parker has earned a reputation for being the number one consumer protection advocate in the legislature." |
SPECIAL
BULLETIN LEGISLATIVE SESSION ENDS WITH GOOD NEWS FOR CONSUMERS State representative William Parker (D-Birmingham) made good on his commitment to consumers to kill two bad pieces of legislation sponsored by the banking and payday lending industries. As promised, Parker defeated a bill that would have reduced residential property owners' one-year statutory right to redeem their property in foreclosure. The legislation would allow large farmers, foresters and ranchers to retain their one-year right of redemption. Parker call this legislation "affirmative action for the rich and powerful", and vowed that it would never see the governors' desk. Parker also defeated a "legal loan sharking" bill sponsored by the payday lending industry. The legislation would have allowed payday lenders to receive exorbitant returns and rollover fees on small loans to retired and working class Alabamians. Both victories came after Parker waged a 14-hour, unrelenting fight, with the aid of key legislative allies, on the last day of the Regular Session. Parker has told Voter News Network that his focus in the next session of the legislature will be on capping ATM fees for bank customers. Lawmakers refused to vote on Parker's efforts this session to cap ATM fees. Inside the Capitol, Parker has earned a reputation for being the number one consumer protection advocate in the legislature. Parker is a first term legislator who has a pro-consumer legislative agenda. Related Links: Birmingham News - Banking bills deposited for later legislative consideration Related Links: Voter News Network (April) - EDITORIAL: REPRESENTATIVE WILLIAM PARKER FIGHTS TO PROTECT PROPERTY OWNER'S RIGHTS Related Links: Voter News Network (March) - LEGISLATIVE HOT POTATOES back to the top |
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Copyright
© 2001 Voter News Network
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