Payday lenders and Rep. Jake Teshka, who introduced the bill, say it would provide access to credit for low-income Hoosiers, providing a "ladder toward bankability." Two lobbyists w/ close ties to Gov. Mike Braun are pushing the measure. Full story... www.indystar.com/story/news/i...
Payday lenders could charge 'loan shark' rates under Indiana bill
The Indiana House approved a measure that would allow payday lenders to loan up to $5,000 at rates as high as 149%.
www.indystar.com
February 24, 2025 at 3:46 PM
Payday lenders and Rep. Jake Teshka, who introduced the bill, say it would provide access to credit for low-income Hoosiers, providing a "ladder toward bankability." Two lobbyists w/ close ties to Gov. Mike Braun are pushing the measure. Full story... www.indystar.com/story/news/i...