Only 10% of Ohioans would make loans under proposed rate caps

According to a new poll by Center for Consumer Freedom, only 10% of Ohioans say they would make loans at the 36% or 28% rate cap proposed by Ohio legislators.      From the news release:

When asked how much they would charge a complete stranger who wanted to borrow $100 for two weeks, just nine percent of respondents said $1.50 or less. Over 80% of respondents would still be unwilling to make the loan at $15 or less, the common rate for a payday loan of that size in Ohio.

Anyone wanting to learn more about the survey should contact Tim Miller,  Center for Consumer Freedom, at 202-463-7112 or .

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