payday lending reform

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. 

Statehouse News Bureau

There may be an end in sight when it comes to the House Speaker impasse that’s caused dysfunction at the Statehouse. A plan has been proposed that could result in either a new speaker or an interim leader who would act as a stand-in for the rest of the year, though some Republicans oppose the idea, and many Democrats say they won’t participate in it. One of the biggest issues the new Speaker could deal with right away is a controversial one - payday lending.

Karen Kasler

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

Dan Konik

Accusations are flying at the State Capitol as the Ohio House continues in disorder without a speaker. The lawmaker considered to be the frontrunner says his rivals, such as the payday lending industry, are pulling the strings to delay a vote. But a top lending association is mounting its own, major accusation.

Karen Kasler

A community group is moving forward with their attempt to put a measure on the ballot that would crack down on payday lending. They say they’re tired of waiting for lawmakers who are still struggling to pick a speaker -- so they can act on the bill. 

Dan Konik

The Ohio House was forced to cancel session as Republicans failed to reach an agreement on who should be the next House speaker. That decision means more than a dozen bills that were set for a vote were delayed. That includes a long-drawn out bill that would overhaul and crack down on the payday lending industry.

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.

Dan Konik

An anti-payday lender group is crying foul after a bill to reform the industry was once again delayed in committee. The coalition says the hesitation from lawmakers only intensifies their drive to put the issue on the November ballot. 

Andy Chow

Ohio House Republicans balked at passing a bill to reform the payday lending industry just hours after the top Republican leader stepped down amid an FBI inquiry. Sources suggest that inquiry is tied to inappropriate contact with payday lobbyists. The bill was slated for a vote before some House leaders slammed on the brakes.

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 march towards reforming Ohio’s payday lending industry has experienced several shifts in momentum. Now, as it seems like the issue had stalled again, the Republican house speaker is calling in his ace to recommend changes in the bill. 

Andy Chow

A group is taking another swing at getting an issue on the ballot that would cap payday loan interest rates. The initiative was delayed after the attorney general’s office rejected the first set of petitions. 

Karen Kasler

A citizens group is trying to put an issue on the ballot that would cap the interest rates of payday loans at 28% without any loopholes. The ballot measure is a reaction to lawmakers not taking any action on a pending bill. House leaders say they’re ready to move forward with that bill.

Andy Chow

Advocates pushing for a crackdown on payday lenders are one step closer to getting their reform proposal on the November ballot. The group says they’re tired of waiting on lawmakers to act, so they’re going straight to the voters. 

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.