Welcome to Modern Financial Services Association Of Alabama

The Modern Financial Services Association of Alabama was formed in January of 2004 as an Alabama Non-Profit Corporation. We are an Alabama based trade association of Payday Lenders. Our members are licensed under the Alabama Deferred Presentment Services Act to engage in deferred presentment services. Such services are universally known as “Payday Loans.” We work with our vendors and with our regulators to provide to our customers Payday Loans in an ethical and responsible manner, and in strict compliance with state and federal law.