Victorious from a January move to limit payday lending profitability in El Paso, leaders of Border Interfaith and El Paso Interreligious Sponsoring Organization (EPISO) are setting their sights on statewide legislation.

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Undeterred by the Louisiana legislature's reluctance to pass payday lending reform this year, Together Louisiana leaders turned their attention to the Consumer Finance Protection Bureau, taking over a hearing on mobile banking and pointing out the need for intervention on payday lending.

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'Together Louisiana' leaders publicly handed out Bibles to Louisiana state legislators, asking them to read it before voting on a payday lending reform bill which would cap the number of times an individual can turn over a loan. Said Rev. Lee T. Wesley of Baton Rouge, "We took notice that some legislators wanted to make the Bible the state book...if legislators want to give the Bible special standing, they should start off by reading it."

One of 45 lobbyists paid to kill Senate Bill 84 revealed he was feeling "like a bug smashed against a windshield" today.

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Northern & Central Louisiana Interfaith leaders and clergy, joined by Shreveport Mayor Cedric Glover, gathered on the State Office Building lawn to garner the support of local senators. Said Rev. Aaron Dobynes of Evergreen Baptist Church, "We have gathered here to urge our senators, Sen. (Greg) Tarver and Sen. (Sherri) Buffington to support this bill that says we need to reduce the kind of criminal interest that's being paid by many of these persons that have to secure payday loans."

Interfaith Seeks Support for Payday Lending Reforms, Shreveport Times

With the press calling it "the sleeper issue of the session," leaders from 'Together Louisiana,' stormed the Capitol to testify in Committee hearings and weigh in on legislative debate over how to address payday lending in Louisiana.

'Together Louisiana' leaders assert that payday lenders able to charge interest rates ten times higher than felony loan-sharking laws currently allow, making them "legal loan sharks." They want a cap on the annual interest rate for entering into short-term loans and are working with legislators to get one, in partnership with in partnership with Habitat for Humanity, AARP, the Conference of Catholic Bishops, the Louisiana Budget Project and the Southern Baptist Convention.

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One week after 400 people filled Elm Grove Baptist Church in a meeting about payday lending, 100 Together Louisiana leaders rallied on the front steps of the Capitol exhorting lawmakers to curb the most predatory practices in the payday lending industry. They were joined by lawmakers that pledged to fight for bills that would fulfill this goal.

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This legislative session, with the support of Together Louisiana, lawmakers will evaluate whether to pass a bill limiting how much payday lenders can make on the backs of their customers.

Ms. Thelma Fleming, a leader with Elm Grove Baptist Church, once spent $2,500 to get out of a $300 debt trap, eventually costing her her car, bank account and gifts from her children. Her institution is a member of Together Louisiana which is on the forefront of this legislative fight.

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Leaders from IAF organizations across Louisiana gathered at Shiloh Baptist Church Saturday, February 15 for a conference that aims to disrupt the status quo at the legislature this year by preparing hundreds of leaders on issues ranging from payday lending, mass incarceration, higher education and the environment.

Together Louisiana Prepares for State Legislative Session, WAFB TV

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Leaders of EPISO and Border Interfaith leveraged enough City Council votes to restrict how much payday lenders can make off low-income families. Lobbyists flew in from Dallas and Austin to fight this ordinance, but this did not keep the council from heeding the organized voice of families and institutions, and voting 6-1 in support. Bishop Mark Seitz of the Catholic Diocese of El Paso supported these efforts to protect families from compounding debt and excessive fees.

The new payday lending reform in El Paso allows lenders to loan no more than 20% of a borrower's gross income. Contracts must now be presented in the person's dominant language and short-term loans cannot be rolled over more than three times.

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With Louisiana residents paying more than $196 million in fees and interest to payday lenders in 2011, and such loans factoring into 20% of bankruptcy filings in Baton Rouge, leaders of Together Baton Rouge are beginning to educate and organize parishioners and residents about the dangers of payday lending and action they can take to protect themselves. Their most recent gathering, at Elm Grove Baptist Church, was standing-room only, as participants heard a presentation on the issue and shared their experiences with each other.

Residents: Time to Act on Loans, The Advocate

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