Most of Utility Rate Hikes Rolled Back

Posted on 04/1/2014 by | AARP Blog Author | Comments

Advocacy Two utility-rate cases before the Louisiana Public Service Commission last year could have led to rate hikes for about 1 million residential customers. AARP and other consumer advocates intervened, and in settlements announced in December, Entergy Louisiana agreed to drop its proposed $144 million rate hike to $10 million, while Entergy Gulf States Louisiana backed off entirely from a proposed $38 million increase. “Retirees spend a higher percentage of their budgets on utilities than working people do, so any increase …

Advocates Aim to Cap Interest Rates at 36 Percent

Advocates Aim to Cap Interest Rates at 36 Percent

Posted on 03/1/2014 by | AARP Blog Author | Comments

Advocacy It sounds like a good deal: Get a short-term loan to cover bills and pay it back when the paycheck (or Social Security check) arrives. In practice, however, repaying a “payday loan” typically consumes a third of a borrower’s paycheck, according to a 2013 report from the Pew Charitable Trusts. As a result, many borrowers borrow again, incurring new fees, and some get trapped in a cycle of debt. State law allows payday lenders to charge annual interest rates of …

Improving Safety for Pedestrians

Improving Safety for Pedestrians

Posted on 12/1/2013 by | AARP Blog Author | Comments

Advocacy As part of the Baton Rouge Sustainable Transportation Advisory Committee, AARP Louisiana is working to transform roads in East Baton Rouge Parish into “complete streets” with sidewalks, bicycle lanes and safe crosswalks. Louisiana is the third most dangerous state in the nation for pedestrians, according to the Transportation for America coalition. About 15 percent of all traffic deaths in East Baton Rouge Parish in 2009 were pedestrians. AARP is urging the Metropolitan Council to pass a complete streets city ordinance. …

New survey on Payday Lending reveals most Louisianans want interest rates capped

Posted on 11/12/2013 by | AARP Louisiana | Comments

Advocacy According to a new AARP survey, a majority of Louisianans believe it is important to strengthen consumer protection laws to prohibit excessive annual interest rates for payday loans. “Payday loans drain millions from hard working Louisiana families,” said Nancy McPherson, State Director, AARP Louisiana.  “Older adults who are on fixed incomes are particularly vulnerable to the lure of quick cash to pay for prescriptions, utilities and groceries.  They often find themselves trapped in long-term cycles of debt.” After hearing that …

Tips on Getting Insurance in the Exchange

Posted on 10/1/2013 by | AARP Blog Author | Comments

Advocacy AARP Louisiana is encouraging state residents who need health insurance to check out the online marketplace, which opened Oct. 1. Created by the Affordable Care Act, the marketplace gives consumers a way to compare plans and apply for tax credits to help cover insurance costs. The plans offered could help the 16 percent of Louisianans ages 50 to 64 who are are uninsured—as well as those who are paying too much for private insurance or who previously were denied coverage …

AARP Seeks Limits on Payday Loan Interest Rates

AARP Seeks Limits on Payday Loan Interest Rates

Posted on 07/1/2013 by | AARP Blog Author | Comments

Advocacy As state lawmakers consider putting limits on fees charged by payday lenders, AARP is speaking out against these loans, which can trap borrowers in a cycle of debt. Payday loans can carry high interest rates and expensive fees. As a member of the Louisiana Fair Lending Coalition and Together Louisiana, AARP is pressing for limits on what payday lenders can charge borrowers. Many states have set limits on loan and interest rate amounts, and some have outlawed payday loans. Sign …