Installment Loan Act Would Expand Predatory Lending in Louisiana

Installment Loan Act Would Expand Predatory Lending in Louisiana The Louisiana Installment Loan Act would expand the pay day loan industry in Louisiana by allowing payday loan providers and car name loan providers to supply longer-term “installment loans.” Installment loans act like payday that is high-interest, but enable borrowers to obtain bigger loans for longer amounts of time. The installment loans wouldn’t normally replace existing […]