Payday lenders

Andy Chow

After months of sitting in limbo, a House bill to crackdown on skyrocketing payday lending interest loans might see some movement. The next step is to evaluate the lasting outcomes.

Karen Kasler

A bipartisan bill that would crack down on Ohio’s 650 payday lenders has received its first hearing in the House. 

Andy Chow

Several community groups rallied to show their support for a bipartisan bill they think is needed reform against predatory lending. 

Karen Kasler

The issue of faith comes into state politics in issues such as abortion and health care. But faith leaders came to the Statehouse today to speak out on another issue that hasn’t seen much action in nearly a decade – payday lending.

Karen Kasler

Nearly nine years after state lawmakers passed a crackdown on payday loan businesses and voters upheld that law, people are still borrowing from quick-cash lenders, and they’re still charging huge interest rates. And now another proposal to regulate the industry is back before legislators.

Karen Kasler

New proposed rules on payday lenders require them to assess the ability of borrowers to pay back those short term, high interest loans. But advocates who work with low-income Ohioans say those rules are a good start, but don’t go far enough.