Payday Lenders

February 5, 2018

A new stall tactic

State legislators have had nearly two years to prepare for the $1 billion-plus “fiscal cliff” that Louisiana faces on July 1, when a host of temporary taxes expire.

Number of the Day

$145.7 million - Amount of money Louisiana consumers pay annually in fees on short-term “payday” loans with interest rates of at least 300 percent APR.  (Source: Center for Responsible Lending)
November 8, 2017

Health care fits and starts

While President Donald Trump’s administration pursues one administrative action that would make it harder for some people to access Medicaid along with another that would threaten essential health benefits, people around the country are voicing support for the Affordable Care Act.

Number of the Day

3 million - Number of low-income immigrant children who would be denied the Child Tax Credit under the tax bill in the U.S. House of Representatives. (Source: Center on Budget and Policy Priorities)
April 7, 2014

Monday, April 7, 2014

Payday lending debate moves to House committee; Gov. Bobby Jindal orders state spending “freeze”; Stephanie Grace: Revenues will be a top topic in 2015 and beyond; Executive budget includes $900 million in questionable financing ; and Laginappe. 3,126,278 – Number of payday loans issued in Louisiana in 2013. (Source: Office of Financial Institutions)
March 6, 2014

Thursday, March 6, 2014

Report finds raising minimum wage could shrink food stamp rolls; Tax revenue still lags in Louisiana; Two more years granted to some healthcare plans; Payday rate cap up for debate next this session; and “Funds sweep” ruling will not be appealed. $108.3 million – Decrease in SNAP expenditures in Louisiana if the minimum wage were raised to $10.10 an hour. (Source: Center for American Progress )