Let me make it clear about pay day loans expense Hoosiers millions

INDIANAPOLIS— Payday loan providers have actually drained an estimated $322 million in finance fees from Hoosiers during the last 5 years, based on a fresh report from teams advocating for their state to rein in those companies. The report, released Tuesday by the Indiana Institute for performing Families additionally the Indiana Assets & chance system, indicated that a 2002 exemption for short-term loans permitted payday loan providers to charge yearly portion prices since high as…