Chris Odinet

May 4, 2018

The case against predatory lending

Predatory payday lending proliferates in Louisiana. Hundreds of storefronts - mainly in low-income communities - offer short-term loans with triple-digit interest rates to cash-strapped consumers.

Number of the Day

2.2 - the percentage change in Louisiana’s real Gross State Product economic growth in the fourth quarter of 2017. (Source: Bureau of Economic Analysis)
October 25, 2017

Congress reverses consumer protection law

The U.S. Senate voted late Tuesday to repeal a banking rule that allowed consumers the ability to file class-action lawsuits against banks and credit card companies.

Number of the Day

$7,725 - Amount the average consumer pays in fees to their bank or lender after going through forced arbitration. (Source: Economic Policy Institute)
October 6, 2017

New rule released to combat payday loans

The federal consumer watchdog agency finalized long-awaited rules Thursday aimed at reining in predatory payday lenders that provide short-term, high-interest loans to the financially vulnerable.

Number of the Day

Number of the Day 9.5 million:  Number of additional children who would be living in poverty if the poverty rate had remained unchanged since 1967. (Source: CBPP)