Cincinnati Inquirer story
November 4, 2008 | Bill Faith, Cincinnati Enquirer, Ohio, industry, regulation, states | Comments (0)An effort to repeal caps on so-called “payday loan” interest rates in Ohio appeared headed to a resounding defeat statewide.
In early returns, the payday loan issue, Issue 5, showed 69 percent of voters in favor of keeping limits on how much the industry can charge and only 31 percent against it, a rare “yes” vote for a statewide initiative.
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