Legislature has to rein in payday loan expenses: Editorial When lawmakers convene Monday when it comes to 2014 session, they’ll be legislation that is considering set a brand new limit for interest levels for pay day loans. (NOLA | The Times-Picayune archives) Louisiana residents that are strapped for money can find yourself spending interest that is extraordinarily high costs on short-term loans to have them from paycheck to paycheck. Based on the Louisiana Budget venture, an average $100 cash advance…