Tag Archives: loans

The Indiana House Committee on Financial Institutions will consider a bill tomorrow, allowing for higher interest rates on payday loans. Senate Bill 613 would raise rates to levels that are currently considered felony loansharking. The Indiana State Senate narrowly passed SB 613, last month. It would enable subprime lenders to charge interest rates on loans at levels above what is …

State lawmakers are changing the rules for lending practices. Senate Bill 613 passed through the state senate last night, the last day for bills to be brought up in the State Senate or the State House of Representatives. Current Indiana law limits lenders to a 36 percent annual interest rate on loans under $2,000, with loans over that amount having …

There are a lot of companies that promise “relief” from your Student Loan debt – and most of them are disgusting ripoffs. You can avoid them, and you can fight them – here’s how. Credits: Better Beware is Produced by Richard Fish, at Community Radio WFHB in Bloomington, Indiana. Executive Producer is Wes Martin.

The Consumer Financial Protection Bureau is trying to delay implementing its own rules, which would grant recipients of payday loans greater protections. The CFPB is looking to push the compliance date of the new rules back to August, 2019. The rules would require lenders to assess a borrower’s ability to repay their loan and still meet their financial obligations. It …

The City of Bloomington’s Department of Housing and Neighborhood Development is hosting the Home Buyers Club, starting this weekend. The workshops will help first-time home buyers learn about the home buying process. “The Home Buyers Club is offered three or four times a year,” Assistant director of the department Marilyn Patterson, said, “It’s taught by people from the city and …