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Watch This Week's "The State of Ohio" Online
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This week on "The State of Ohio": A state representative suddenly passes away, leaving lawmakers in shock. A national political party chooses Ohio for its convention - but it's probably not the party you think it is. And two groups are hoping to put two very different questions about voting laws before the voters
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Senate Committee Debates Predatory Lending.
January 8, 2002
An Ohio senate committee is considering a controversial proposal that would prevent cities from regulating certain companies that offer second mortgages. Some cities throughout the state have been setting standards for lenders in an effort to crack down on preditory lending. That's the name for the practice of lending money to people, knowing they don't have the means to repay it. Columbus city councilwoman Charleta Tavares says cities should be allowed to crack down on unscupulous lenders.
Charleta Tavares (0:35)
The head of the Ohio Consumer Finance Association, an agency that represents some second mortgage brokers, says it's important to remember most lenders do honest business. Dayna Baird says she's supporting the plan to limit the control cities can place on lenders because the additional regulation is a problem.
Dayna Baird (0:25)
The proposal has already passed in the house. The measure would also create a committee that would have more than two years to study the preditory lending issue.


 
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