Payday lenders want to offer larger loans. Critics say it is “designed to trap” low-income families. | Legislature
Is a $1,500 loan worth it if it costs you $1,500 more in interest and fees? This is what payday lenders would be allowed to charge cash-strapped consumers in Louisiana if Gov. John Bel Edwards allowed it Senate Bill 381 become law. The legislation would allow lenders to offer installmentRead More →