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Typhoon dwarfs Katrina; anti-begging law panned; Jindal absent only two months!


Fifteen states ban payday loans, according to the Louisiana Budget Project, a Baton Rouge-based group that studies the impact of government policies on the poor and middle income. Nine other states stringently regulate the industry. Louisiana is one of those 28 states that have a law but the law is ineffective, said David Gray, policy analyst for the Louisiana Budget Project. “Our state protections don’t really prove effective,” Gray told the Press Club of Baton Rouge on Monday. The average Louisiana customer takes out eight additional loans to pay the one loan. The average Louisiana customer pays $270 fees for a $100 loan, he said.

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About Mark Moseley

Mark Moseley blogs at Your Right Hand Thief. Until mid 2014, Mark Moseley was The Lens' opinion writer, engagement specialist and coordinator for the Charter Schools Reporting Corps. After Katrina and the Federal Flood he helped create the Rising Tide conference, which grew into an annual social media event dedicated to the future of New Orleans.