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Indiana Community, Faith and Military Groups demand speed Cap on payday advances

Indiana Community, Faith and Military Groups demand speed Cap on payday advances

Payday Lenders Oppose Telephone Telephone Telephone Calls to finish Triple Digit Interest Levels

Indianapolis, IN – On Wednesday, January 23, Hoosiers from all over their state, including representatives from army associations, faith groups, community help companies, and advocates for housing, civil rights, and survivors of domestic physical physical violence presented compelling pleas to Indiana senators in regards to the harms of payday advances within their communities. Each called regarding the senators to guide SB 104, which will cap the APR on little loans in Indiana at 36per cent. These loans are capped at 391% APR. Continue reading Indiana Community, Faith and Military Groups demand speed Cap on payday advances