Payday loan providers in Indiana could charge interest on tiny loans greater than dual unlawful “loan sharking” rates under a proposition before state lawmakers. (Dwight Adams/IndyStar)

Indiana state Sen. Travis Holdman (Picture: Furnished)

Legislation that could allow payday loan providers to charge interest on tiny loans at prices a lot more than double just just what Indiana that is current law as criminal “loan sharking” are going to be proposed in a Senate committee Thursday. (more…)