Payday lenders

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.