Ohio showdown on Friday
September 15, 2008 | Bill Faith, COHHIO, Columbus Business First, Ohio, industry, industry critics, media coverage, regulation, states | Comments (1)A hearing on the signature gathering issue has been scheduled. From the Columbus Dispatch story:
Secretary of State Jennifer Brunner has tapped a well-known Columbus attorney to decide whether to recommend that a number of payday lending signatures should be tossed out for a paperwork violation.
The Yes on 5 committee, which is fighting a proposed referendum by the payday industry that seeks to partially overturn tough, new regulations on the short-term lenders, is arguing that California-based Arno did not properly file what is known as a Form 15. Ohio law requires that anyone who is getting paid to supervise or organize a signature-gathering effort for a statewide referendum must file the form. Arno collected some of the names for the referendum effort, which needs 241,366 valid signatures to qualify for the ballot.
Karl Schneider, a partner in the firm of Maguire & Schneider, has scheduled a hearing for Friday morning, when he will listen to arguments by the Yes on Issue 5 committee as to why signatures collected by Arno Political Consultants should be invalidated.
The Payday Pundit will talk to people in Ohio and post more on Tuesday about what this all means.
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