Ben FultonIn their latest middle finger to Hoosiers, the legislature considers jacking up predatory loan interest rates
House Bill 1174 seeks to create new, longer-term loans of up to $5,000 — but with monthly service fees of up to $200 per month, which could be charged every month for the life of the loan (and) allow lenders overseeing larger borrowing — like car loans — to charge interest rates as high as 36%, up from the current cap of 25%.
https://indianacapitalchronicle.com/2025/02/18/partisan-school-boards-payday-lending-move-forward/