Group asks Gov. Jindal to veto payday loan bill

Published May 22, 2014 10:29pm ET



BATON ROUGE, La. (AP) — A national organization that advocates for minorities has asked Gov. Bobby Jindal to veto a bill calling for mild restrictions to the payday loan industry.

The Center for American Racial Equality said Thursday the measure by Baton Rouge Rep. Erich Ponti, a Republican, will create a monopoly for payday lenders by limiting other creditors, including those online, that do business in Louisiana.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.