BATON ROUGE, Los Angeles. (AP) – companies trying to toughen regulations on payday advances Monday online payday loans Michigan pointed to a written report because of the Louisiana workplace of finance institutions that shows state residents shelled out about $146 million in charges and interest from the loans this past year.
Advocates for cash advance reform utilized the report at a residence Commerce Committee hearing to straight back Rep. Ted James’ proposition to cap loans that are payday yearly rate of interest at 36 per cent.