On Wednesday, January 23, we believe the Senate Insurance and Financial Institutions Committee will hold a hearing on SB 104, a bill that would cap small dollar, short term loans at 36 percent APR.As a valued member of the Indiana Assets and Opportunity Network, you understand just how vital this hearing is to our ongoing efforts to stop the debt trap in the Hoosier State.

We hope you will join and lift your voice as to why this is critical for consumers and communities in two ways:

• Signing up to attend - and, if you're able, testify - at the SB 104 hearing on Wednesday, January 23. Click here to sign up.

• Expressing your support for a 36 percent APR cap on small dollar, short term loans in Indiana. Click here to sign our letter.

To learn more about SB 104, the hearing, or the projected 36 percent APR cap, contact Logan Charlesworth, Network Manager, Kathleen Lara, Prosperity Indiana Policy Director, or Erin Macey, Indiana Institute for Working Families Senior Policy Analyst.