Are Payday Loans Safe « Marine Express

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Are Payday Loans Safe « Marine Express

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Without a doubt about Louisiana Senate moves to loosen payday financing laws

By Kerry Reid

The Louisiana Senate just passed a bill on May 1 to expand the industry as state legislatures across the country debate whether or not to enact more regulations on payday lending practices.

Senate Bill 365 вЂ“ known because the Louisiana Credit Access Loan Act вЂ“ raises the limit on pay day loans into the Pelican State. Presently, Louisiana caps these loans at $350 for a maximum of 60 times. (more…)

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