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  • December 10, 2020
  • by Admin

Let me make it clear about Louisiana Senate moves to loosen lending that is payday

Let me make it clear about Louisiana Senate moves to loosen lending that is payday 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 whilst the Louisiana Credit Access Loan Act – raises the limit on payday advances into the Pelican State. Presently, Louisiana caps these loans at $350 for a maximum of 60 times. But SB365, authored by Sen. Rick Ward III (R-Port Allen), requires that the loans...
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