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Hoosiers paid $29M in 2021 for payday loan finance charges, report finds – Indianapolis Business Journal

Hoosiers paid $29M in 2021 for payday loan finance charges, report finds – Indianapolis Business Journal
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United statesRandy nielsenArea agency onIndiana community action poverty instituteCommunity action agenciesIndiana department of financial institutionsIndiana community action povertyIndiana departmentArea agency

Hoosiers paid $29 million in 2021 for payday loan finance charges, report finds

INDIANAPOLIS - Capping interest rates on Indiana "payday" loans at 36% Annual Percentage Rate (APR) could have saved Hoosier borrowers more than $26 m.

United statesRandy nielsenIndiana community action poverty instituteAnnual percentage rateIndiana community action poverty

Institute releases updated report on Payday Lending in Indiana

INDIANA - Payday lenders drain over $29 million in finance charges from Hoosier borrowers annually on loans that average $386, according to a new report released today by the Indiana Community Action Poverty Institute. This report is an update from a previous report released .

United statesRandy nielsenAndy neilsenIndiana assets opportunity networkIndiana community action poverty instituteIndiana community action povertySenior policy analystAnnual percentage rateChild tax creditIndiana assetsOpportunity networkResponsible lending

Younger, more progressive City-County Council likely on the way – Indianapolis Business Journal

Jesse Brown, Andy Nielsen and Brienne Delaney ousted three Democratic incumbents on the City-County Council, including vice president Zach Adamson.

United statesHamilton countyWarren parkMarion countyAndrea hunleyBrienne delaneyKeith pottsZach adamsonNichelle hayesDavid rayGarcia wilburnMonroe grayJoe hogsettAli brownJesse brownBrenda bishop kyle

Pay raise for Indianapolis City-County Council members makes it easier for some to run

The council last year raised the annual salary for members to $31,075, up from a paltry $11,400.

United statesMarion countyDavid rayRandy nielsenIndiana community action poverty instituteCity county councilDemocrat andy nielsenIndiana general assembly

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