Payday Lending

June 28, 2021

2021 Louisiana legislative session: A return to (somewhat) normal

Federal pandemic relief dollars lessened the pressure on the state budget and allowed the Legislature to make important new investments in education, including a much-needed boost to the Go Grants program that will make college more affordable for low-income students and the creation of the M.J.… Read more...

May 9, 2018

Payday lending expansion bill fails in House

The House Commerce Committee on Wednesday rejected a push by the national payday lending industry to expand its Louisiana operations and make the debt trap deeper and longer for vulnerable borrowers. Witnesses testified to the harms payday lending already subjects Louisiana families to, as well as the availability of much cheaper and less harmful alternatives.… Read more...

May 1, 2018

Senate Bill Expands Predatory Payday Lending

BATON ROUGE — Legislation backed by the national payday lending industry that would expand their operations in the state narrowly passed the Louisiana Senate by a vote of 20-17 on Tuesday. Predatory payday already lending drains more than $240 million each year from Louisiana workers by saddling vulnerable borrowers with high-interest loans that they often cannot afford.Read more...

April 9, 2018

Analysis: SB 365 expands the predatory debt trap

Predatory payday lending drains more than $240 million each year from Louisiana workers by saddling vulnerable borrowers with high-interest loans that they often cannot afford. But instead of working to address this problem, the Legislature is considering a bill that would make it worse.Read more...