With harsh cold and snow forecast for much of the state in the next few days, officials in Ohio’s Department of Aging are urging precautions for older people who could be at increased risk of weather-related problems.
Possible End to Short-Term Loans in Ohio
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House Bill 545 is back in the House for final concurrence, before it makes its way to Governor Strickland’s desk. The bill proposes an interest rate cap on short-term loans at 28%. The cap is currently 391%.
Payday lenders say bill will likely put them out of business.