UCSC A.E.P.I. Blog

On Wednesday, as I was unmindfully listening to the 6:00 radio news on my way back to my homestead from my vacation, I heard an annoucement that truly sequestered my attention. The legislators in Louisiana are pressing to put a ban on all payday advance loan financing at once. As the newsman was revealing the report, I began to fume! The ignorant lawmakers are pointing the finger at Payday Loans corporations for concocting financial difficulties for the destitute and they discernibly believe that cash advance customers must be sheltered. At that second, I muttered, that maybe they would likewise target financial institutions that accumulate humongous fees for bad checks, electric companies who charge late charges in addition to re-connect fees, and Fortune 500 charge card companies that unpredictedly assert steeper interest fees.

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