Payday Pundit

A coalition of short-term credit lending businesses in Ohio have hired Former Soliciter General Theodore Olson to take a look at the constitutional implications of Ohio’s short-term lender law. This news release gives the details.

In the release, Mr. Olson said, “The legislation passed by Ohio’s House of Representatives seeks not just to regulate, but to destroy, an industry—the short-term lending business—that it explicitly authorized and encouraged just twelve years ago. That raises very serious constitutional questions. ”

Update: For the Plain Dealer’s take on the potential course of the payday fight see this vile piece.