Pandemic poses issues for predatory lending in Indiana

INDIANAPOLIS – Many fear financial dilemmas due to the pandemic may have people operating to pay day loan businesses for assistance.

This can result in a period of financial obligation our income hoosiers that are lowest can’t find their way to avoid it of.

“This occurs when the squeeze will probably happen and people will probably be tempted to seek out these shop fronts with really high interest rates,” said Senior Policy Analyst Erin Macey with all the Indiana Institute for performing Families. “Or also online loans, that can be much more devastating.”

If you’re involved in an online loan, Macey suggests calling the Indiana Department of banking institutions, the Indiana Attorney General, or the customer Financial Protection Bureau to be sure they've been appropriate in this state.


Lawrence: Professor and Department seat, university of company management, University of Missouri, St. Louis, MO 63121. Mobile 314‐516‐6148, Fax 314‐516‐6420

This might be a modification of a paper presented during the Western Economic Association Overseas 76th yearly seminar, bay area, July 7, 2001. The writers thank Michael Staten, Thomas Durkin, and James Lacko because of their ments on our work that is previous on subject. This research had been supported, in component, by way of a grant through the CFSA.

Elliehausen: Associate Research Professor, Center the real deal Estate and Urban review, class of company, George Washington University, Washington, DC 20052. Mobile 202‐994‐0892, Fax 202‐994‐0907,

This will be a modification of a paper presented during the Western Economic Association Overseas 76th conference that is annual san francisco bay area, July 7, 2001. The writers thank Michael Staten, Thomas Durkin, and James Lacko for his or her ments on our work that is previous on subject.

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