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Pay day loans ‘usury’. Walker filed a bill that is similar passed away just last year without having a hearing

Sens. Greg Walker, R-Columbus, and Mark Messmer, R-Jasper, are writers of SB 104. The legislation is co-sponsored by six other Senators from both events.

Walker filed a similar bill that passed away a year ago with out a hearing.

During the committee hearing week that is last Walker stressed he had been perhaps perhaps not blaming payday lenders for the economic hardships that many Hoosiers face. But he stated lawmakers have to see whether the loans that are high-interest good policy.

“In some situations, we understand that (a quick payday loan) has supplied assistance that’s been life changing,” he stated, “and various other cases we realize that (a quick payday loan) has supplied choices which have been devastating.”

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