Lawmakers Perform To Grow Payday Financial Products Some Say Are Predatory

Lawmakers Perform To Grow Payday Financial Products Some Say Are Predatory

Since the very very first 1 / 2 of the 2019 lawmaking session wrapped up, a bill payday that is limiting died, while another, enabling different sorts of high-interest loans, passed away from the Indiana Senate.

Sen. Andy Zay (R-Huntington) says Hoosiers are struggling with credit.

“Unfortunately, 20 percent of Hoosiers have a credit rating of lower than 550,” says Zay. “These Hoosiers presently borrow over $1 billion more than 1 million loans.”

Their recommendation to correct this? Expanding loan choices perhaps perhaps perhaps perhaps not now available in Indiana. Read more

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