Tuesday, January 30, 2018
UPDATE!
Your calls are working! The bill's author passed on a vote this morning, which could mean they weren't confident they had the votes to pass. But the bill could come up again as soon as 2:30 this afternoon. Its critical you keep calling and get a firm 'NO' on expanded predatory loans in HB1319!
ACTION ALERT: Call Your Indiana House Representative Before 10 a.m. to Stop Expanded Payday Loans in HB 1319
URGENT: Wednesday at 10 a.m. the Indiana House convenes and will take a final vote on HB 1319, a bill which would expand payday lending and impose triple digit APRs on borrowers. Please find your Representative and urge them to VOTE NO ON HB 1319! Here are the facts - let them know:• HB 1319 is not payday 'reform' - it only adds a dangerous new product on top of existing predatory loans. The new loans are NOT better!
• HB 1319 preserves 2-week payday loans up to $605, and expands allowable predatory loans up to $1500 over 12 months, with an APR up to 222% APR - an amount three times Indiana’s felony loan sharking rate of 72%.
• Opponents of this bill include many different faith communities, the big 4 veterans’ groups, those who serve and represent the working poor, and consumers.
Whether Democrat or Republican, we need you to call your Representative to make sure they are unwavering in opposition to dangerous new predatory loans in HB 1319. Please call now and share with as many friends and family as you can. Every call and every vote counts!
