Together Louisiana Continues Push for Payday Reform Legislation
"Interfaith members who met with The Times editorial board last week, said their interest in this legislation is about helping consumers avoid entering a debt loop they often find it difficult to escape from. Interfaith and other organizations around the state have joined forces as "Together Louisiana" to highlight the matter before the public and lawmakers.
'We are not asking that the payday industry be outlawed,' Interfaith members stated in a news release. 'Banks and credit unions have a cap on the number of loans one person can receive. We do not think it unreasonable that the payday industry should adhere to the same rules.'"Read more