The Ohio Senate Finance Committee is holding a hearing on payday lending legislation. Senator Joy Padgett just said, “Let’s not pull the rug out for underneath the customers.” Representative Chris Widener said that all problems could be solved if we limited loans to 25% of a person’s pay. Widener, however, supports a 28% rate cap.
Ohio Senate Committee hearing underway
May 6th, 2008 · 3 Comments
Tags: Ohio · industry · regulation · states
3 responses so far ↓
1 smulkey // May 6, 2008 at 7:08 pm
EVERYONE PLEASE GO TO http://WWW.NBC4I.COM AND VOTE NO TO THE WEB POLL ABOUT LEGISLATIORS CAPPING PAY DAY LENDERS!
2 smulkey // May 6, 2008 at 7:08 pm
VOTE NO ON THIS WEB POLL PLEASE TO ALLOW OHIO CONSUMERS THE CHOICE TO CHOOSE!
3 Andy Hare // May 7, 2008 at 4:55 am
Please vote NO! Companies that have been built from the ground up will be eliminated. Pregnant mothers will be without health care. I was at the rally and saw a woman with a sign that read “My husband has terminal cancer…what will we do about our health care?” That really got to me. We aren’t just talking about the huge loss for the customers but over 6000 jobs…gone.
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