Adaptation or circumvention? Payday lenders finding alternatives (BizJournals)
Posted on November 19th, 2008 | by admin |More info…
The payday lending industry in Ohio will mutate because of a state law upheld by Ohio voters Nov. 4, but it wont go away because of the restrictive rules.
Editorial Roundup (AP via Yahoo! News)
Excerpts from recent editorials in newspapers in the United States and abroad:
Payday lenders slapped with Ohio law (CNN Money)
New Ohio legislation limits payday loans to 28% APR, down from an average of 391% APR.
Whats next for payday loan industry? (The Daily Dispatch)
PHOENIX — The defeat of Proposition 200 at the polls has left the payday loan industry with a two-word question: Now what? Doing nothing is not really an option, as it would put the lenders out of business in less than two years.
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