Louisiana Senate moves to loosen payday financing laws

As state legislatures around the world debate whether or otherwise not to enact more regulations on payday financing methods, the Louisiana Senate simply passed a bill on May 1 to grow the industry.

Senate Bill 365 – known whilst 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. Read more