Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear ...

Indiana lawmakers are considering legislation that would allow payday lenders to issue loans at rates currently considered criminal loan sharking. The Indiana House narrowly passed a measure last week ...

Mufarrige helped the first Trump administration water down protections against payday loans ... clear favoritism… for business models that rip off Americans short on cash.

The Indiana House approved a bill that would allow payday lenders to loan up to $5,000 at rates as high as 149%. Such loans would be considered felony loan sharking under current Indiana law.