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)