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This week on "The State of Ohio": The budget is on its way to a committee that will hammer out the differences before the end of the month deadline. But there are serious issues on both sides that could slow down the talks. A billion dollars is headed back to Ohio employers who paid into the states Bureau of Workers' Comp program. But a critic says the BWC has an outstanding bill that remains unpaid. And more on how Ohio's poorest people are surviving the rising costs of a basic existence.
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| Senate Committee Debates Predatory Lending. |
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January 8, 2002 |
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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. |
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Charleta Tavares (0:35) 
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| 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. |
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Dayna Baird (0:25)
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| 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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