Effort to legalize ‘loan shark’ prices could bring a new variety of lender to Indiana

Effort to legalize ‘loan shark’ prices could bring a new variety of lender to Indiana Revise: The Indiana Senate narrowly authorized an assess Tuesday that will allow payday and subprime lenders to demand rates of interest on lightweight financing at amount presently categorized as felony loan-sharking. The Senate voted 26-23 in favor of Senate costs …

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