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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

For Immediate Launch

27, 2019 january

CONTACT: Erin Macey, Senior Policy Analyst, 317-270-0874

Indiana Community, Faith, and Military Groups demand speed Cap on pay day loans

Payday Lenders Oppose Phone Telephone Calls to finish Triple Digit Rates Of Interest

Indianapolis, IN – On Wednesday, January 23, Hoosiers from all over their state, including representatives from armed forces associations, faith teams, community assistance companies, and advocates for housing, civil liberties, and survivors of domestic physical physical physical violence presented compelling pleas to Indiana senators concerning the harms of payday advances inside their communities. Each called regarding the senators to aid SB 104, which may cap the APR on little loans in Indiana at 36per cent.