installment loans

May 10, 2018

Payday lending expansion halted

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.

Number of the Day

37,000 - Number of senior citizens and individuals with developmental disabilities who receive care in a nursing home, in other long-term care facilities and through waivers for community-based services set to receive a notice from Louisiana Department of Health that they may lose Medicaid coverage under the budget as currently crafted by the legislature. (Source: Louisiana Department of Health)
May 7, 2018

The rush to adjournment

This morning marks the annual ritual when members of the public are invited to testify to the Senate Finance Committee about the state budget.

Number of the Day

3 percent - Amount that local school boards could charge teachers’ unions for collecting dues on their behalf, under legislation backed by business interests. The costs would likely be passed on to teachers. (Source: Will Sentell, The Advocate)
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)