Limit payday lenders (Deseret Morning News)
Posted on February 20th, 2009 | by admin |More info…
Regular readers of these pages know we’re no fans of the payday lending industry.
Closing the loophole on payday lending (WCPN Cleveland)
Last November, Ohioans overwhelmingly voted to do away with the practice known as payday lending — charging sky high interest rates on short term loans. Faced with an interest rate cap of 28%, many payday lenders argued that they would be forced out of business.
Fixing payday-loan law is legislators’ job, state says (The Columbus Dispatch)
The Ohio Department of Commerce told state legislators yesterday that if they think there is a problem with new payday-lending regulations, the fix needs to come from the General Assembly.
Some Say Ohio Payday Lending Law Needs Reworking (WTOV 9 Steubenville)
Some officials say Ohio’s payday loan law needs reworking to close loopholes that are allowing lenders to continue charging triple-digit interest. Loans that had carried annual interest rates of up to 391 percent were capped at 28 percent under the law passed last year and upheld by voters.
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