A keen grasp of the obvious
November 6, 2008 | Bill Faith, Ohio, industry, industry critics, regulation, states | Comments (0)Today’s Times Bulletin (OH) headlines a story “Payday lending future in Ohio looks doubtful.” From the story:
In Van Wert, Issue #5 was easily upheld, 59 percent for to 41 percent against. Statewide, the referendum agreement was even more pronounced, winning by nearly a 30 percent margin.
In response, the parent company of Cashland Lending Stores announced on Wednesday morning that they would initially be closing 43 locations around Ohio, or about 1/3 of all storefronts in operation in the state. They did not release which sites were to be closed but that it would affect about 150 employees.
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