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Louisiana Payday LoansThe report also found that 405,000, or 23 percent of Louisiana households, are "underbanked," meaning they have a bank account but rely on costly financial services, such as payday loans and check-cashing services, that carry high fees. Read more
FDIC seeks to reduce number of 'unbanked'; in Louisiana, 9 percent ... - New Orleans Times-Picayunehouseholds either lack bank accounts or use payday loans, check-cashing services and other costly alternatives to traditional banks, according to the survey. Nearly 9 percent of Louisiana households — 155,000 households — don't have a bank ... Read more
Reaching the bankless - The Daily AdvertiserBATON ROUGE, LA (AP) - A new report by banking regulators says nearly 9 percent of Louisiana households, 155,000 households ... underbanked," meaning they have a bank account of some sort but also use payday loans, check-cashing services and other ... Read more
FDIC: Nearly 9% in LA can't access banks - WAFB.comRead more
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