Read about how payday lenders gouge borrowers with rates as high as 391% APR, Conexus's Catapult program, and about other happenings at Unite Indy in our July 2023 newsletter.
Read about how payday lenders gouge borrowers with rates as high as 391% APR, Conexus's Catapult program, and about other happenings at Unite Indy in our July 2023 newsletter.
Focus on reentrant success! "Mr. Anonymous" is doing great at his new job. Plus 2nd Chance Indiana's job training program is expanding, with help from Trusted Mentors, which will provide one-on-one mentoring to each of the folks going through the course. Check out Project Restore, where gang members meet their adversaries...
Big turnout for August Job Fair where reentrants lined up to get help from the 2nd Chance Indiana crew. Plus, check out the plans of the folks at EmployIndy that is interested in using 2CI van transportation to and from work for those who do not have reliable or affordable vehicles. And: Big doings at the Marion County Adult Detention Center. We cannot take pictures inside, but if we could you'd be able to see...
How we treat the most financially needy: Payday Lenders Gouge Borrowers with Rates As High as 391% APR. In 2021, Marion County payday loan borrowers paid more than $8.7 million in interest on their loans. If a 36 percent rate cap had been in effect, the cost to those borrowers would have totaled about $876 thousand, a reduction of $7.8 million. Plus! Conexus' Indiana's Catapult program provides critical job training...
