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 – known because the Louisiana Credit Access Loan Act – 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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