Home type of payday lending bill falters in Senate
By Abrahm Hurt TheStatehouseFile
INDIANAPOLIS — Legislation that passed the Indiana home and could have placed a number of the state’s many citizens that are economically troubled danger will not obtain a hearing within the Senate.
Home Bill 1319, which will triple the allowable apr, or APR, of unsecured consumer installment loans, passed the home 53 to 41 and was sent to the Senate Commerce and Technology Committee. (more…)