Lawmakers Perform To Grow Payday Financial Loans Some Say Are Predatory

Lawmakers Perform To Grow Payday Financial Loans Some Say Are Predatory

Once the very very first half the 2019 lawmaking session wrapped up, a bill limiting payday loan providers died, while another, permitting various kinds 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.”

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