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    Payday lenders fail to win Louisiana’s representatives approval for expansion

    The House Commerce Committee on Wednesday, May 9, rejected a push by the national payday lending industry to expand its Louisiana operations and make the debt trap deeper and longer for vulnerable borrowers. Witnesses testified to the harms payday lending already inflicts on Louisiana families, as well as the availability of much cheaper and less harmful alternatives.

    6 Carmen Green JS journalist“We applaud the nine committee members who voted against Senate Bill 365 for standing with the people of Louisiana and against predatory lenders who trap hardworking people in debt they can’t afford,” said Carmen Green, state policy fellow of the Louisiana Budget Project. “Payday lending is not the short-term cushion that their lobbyists make it out to be; it is set up to milk people for the cash they need to keep their families going.”

    The bill was opposed by a broad array of organizations including the Louisiana Conference of Catholic Bishops, the United Way of Southeast Louisiana, the credit union industry and even local payday lenders. Fourteen groups signed an open letter to Louisiana legislators urging their opposition to the bill, including the Louisiana NAACP, faith groups, and advocates for low-income families.

    “Payday lenders will try to tell you our communities need these loans. We don’t. We need safe, responsible resources for people who are struggling to make it, not debt traps disguised as short-term relief, but that actually confiscate big chunks of their customers’ wages over weeks, months and even years,” said Byron Sharper, President of the Baton Rouge chapter of the Louisiana NAACP. “Payday lenders are known to target communities of color in particular, so the NAACP has long opposed this predatory business model.”

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    Louisiana groups release statements on GOP’s repeal failure

    After the Senate rejected Republicans’ plan to repeal the Affordable Care Act, several Louisiana organizations released statements showing their pleasure. Here are their words:

    From the Louisiana Center for Health Equity  president Alma C. Stewart:
    The Louisiana Center for Health Equity is pleased that millions of Americans can breathe a sigh of relief. After several failed attempts to repeal the Affordable Care Act, it remains the law of the land. Today, 51 Members of Congress stood up for the American people protecting them from losing their healthcare coverage. It is disappointing that neither Louisiana Senator Bill Cassidy nor Senator John Kennedy was among them. We are thankful for our many supporters who made their voices heard over and over. As we celebrate a victory today, we acknowledge that there remains work to be done to ensure that everyone has access to affordable quality healthcare. We urge Congress to allow this work go forward in a bipartisan manner.

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