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IFCL joins coalition against payday financing expansion

IFCL joins coalition against payday financing expansion

IFCL was working together with over 60 faith-based, solution and army teams to oppose SB 613, an expansion of payday financing services. Start to see the present enhance from our lovers at Indiana Institute for performing Families

Wide Coalition Gathers at Statehouse to Oppose Large-Scale Expansion of Loans at Loansharking Rates in SB 613

Indianapolis, IN – Indiana veterans’ groups, faith leaders, social solution agencies, and community advocates collected Monday in the Statehouse to deliver a powerful message into the Indiana House of Representatives: Reject Senate Bill 613.

Advocates wandered through the balance applying this chart and offered those current a copy for this bill analysis, noting that while Indiana made a exceptionally restricted exemption to its loansharking legislation in 2002, SB 613 would start the floodgates to high-cost financing by authorizing numerous larger, longer products outside that 72% limit and also rewriting the meaning of loansharking it self. Continue reading

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