This is our third interview of the first season of Walls Plus One. In this episode we’re talking to another member of the Louisiana Budget Project. Davante Lewis is Director of Public Affairs and Outreach and he’s an expert on the topic of payday lending. 

Payday lending, or predatory lending as it’s also known, is a short-term loan that knowingly traps thousands of people in long-term cycles of debt. It’s a trap that is often only resolved with bankruptcy. 

The Louisiana Budget Project has advocated for several years by pushing for bills to cap the interest rate at 36%. The current average is 400%. Similar bills have seen bipartisan support nationwide and have been adopted in both red and blue states. Louisiana, however, has not been able to move the bill forward.

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