Journal Gazette: Payday of Reckoning
The good news is that the effort to create new types of high-interest loans that could entrap struggling Hoosier families appears to be dead, at least for the remainder of this session of the legislature. The bad news is that, once again, lawmakers did nothing to eliminate or modify the existing payday system, which allows lenders to charge their customers the equivalent of 391% interest for short-term loans.
Journal Gazette: Subprime lending bill dies; opposition fierce
Senate Bill 613 died in the Indiana House and almost certainly won't become law this year.
Journal Gazette: Bill would tighten predatory lenders’ grip
It is time to call our legislators. Encourage them to oppose the expansion of predatory lending in Senate Bill 613, a bill that preys on the most vulnerable families in our communities.
WPTA21: Predatory Lending
Predatory lending is a high priority issue for United Way of Allen County's advocacy efforts.