Policy Quick: Installment Loan Act Would Expand Predatory Lending in Louisiana

Policy Quick: Installment Loan Act Would Expand Predatory Lending in Louisiana The Louisiana Installment Loan Act ( home Bill 501 / Senate Bill 365 ) would expand the loan that is payday in Louisiana by enabling payday loan providers and vehicle name loan providers to provide longer-term “installment loans.” Installment loans act like high-interest pay …

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