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.

Already a print subscriber? Click here to login/register your account

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.