Payday lenders

Karen Kasler

Some major proposed changes are coming to a bill that passed the House overwhelmingly earlier this month cracking down on the payday lending industry in Ohio. Borrowers here pay an average of 591 percent annual interest, the highest in the nation. While one Republican Senator is hoping for a compromise, supporters of the original plan are furious.

Jo Ingles

The Ohio House has passed controversial payday loan legislation meant to close loopholes those lenders use to charge high interest rates - as a reported probe into activities involving the former Speaker and payday lending lobbyists continues. 

Karen Kasler

A crackdown on payday lenders that lawmakers haven’t passed is a step closer to going before voters next year.

Karen Kasler

A bill to crack down on payday lending passed an Ohio House committee without any changes – a week after the House Speaker resigned and a vote on it was halted.

Karen Kasler

Though Ohio House Speaker Cliff Rosenberger announced on Tuesday that he would leave May 1, his resignation is now effective immediately. But Rosenberger is still maintaining his innocence in the face of an FBI inquiry.

Karen Kasler

The Speaker of the Ohio House has resigned, days after he hired a lawyer and admitted he’d learned  the FBI was asking questions about him.

Facebook

Lawmakers are returning to Columbus after spring break amid mounting questions about the House Speaker and an FBI inquiry into activities he may be involved in. 

Dan Konik

A battle is brewing over payday lending in Ohio. There are more than 650 storefronts in the state but the industry argues that a new bill threatens to shut them all down. However, consumer advocates say payday lending has been skirting around state law for years to prey on desperate borrowers. 

Andy Chow

The group pushing for payday lending reform is taking their fight outside of the Statehouse and to Ohio voters. Advocates hope to put an issue on the ballot that caps interest rates.

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.