Payday Pundit

News and Information About The Payday Lending Industry

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“Sloppy lawmaking”

August 2nd, 2008 · No Comments

That’s what Marc Kilmer of the Buckeye Institute calls the Ohio rate cap law.  From his letter in the Zanesville Times Recorder:
The payday lending ban passed by legislators was based on misleading anecdotes and politically-driven “research” that bears no relation to actual payday lending practices.
The Payday Pundit agrees.

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Tags: Ohio · regulation