Ohio is celebrating its 212th birthday with special events at the Ohio Statehouse in Columbus.
The payday loan industry is looking at other business options in Ohio after losing a ballot fight to overturn tough restrictions on interest rates it can charge costumers.
A group that pushes for smaller government and lower taxes is accusing advocates for the homeless of spending taxpayer dollars to convince Ohioans to vote yes on a ballot issue cracking down on payday lenders.
It now appears that Ohio voters will indeed get a chance to vote on whether to keep or throw out a new state law that cracks down on payday loan stores.
The November election is more than six weeks away, but advocates for and against the payday loan ballot issue are pushing their point of view.
It’s still not clear whether Ohioans will definitely vote in November on a plan to crack down on those two-week “payday” loans.
Invalid Signatures are a Problem for Supporters of a Ballot Issue to Overturn Ohio’s Tough New Law on Payday Lenders
The supporters of a ballot issue that would toss out Ohio’s new crackdown on payday lenders could be in trouble.
Opposing sides in the battle over newly-passed limits on payday loans have one thing in common.
A battle is waging in Ohio between lawmakers and payday lenders.
A large rally was held Tuesday at the statehouse in support of Ohio’s 1600 payday lending stores.
A legislative committee Thursday heard more public testimony that put lawmakers between a rock and a hard place. On one hand, legislators were told that those 2-week loans handed out by payday lending stores are a rip-off. But, on the other hand, lawmakers were told, if they slapped tighter limits on the interest charges, the loans would no longer be available to consumers who needed emergency cash.