Ohio official puts ball in legislature’s court
February 20, 2009 | Columbus Dispatch, Ohio, industry, media coverage, regulation, states | Comments (0)In other words, the state’s Department of Commerce belive that Ohio lenders are operating entirely legally and there’s nothing they can do. From the story:
If legislators want to stop the practice, “it’s probably something that needs to be done legislatively, due to the fact that they are operating under licenses set in statute,” Ernie Davis, the commerce department’s legislative director, told the House Consumer Affairs Committee.
Operating under licenses set in statute. How evil!
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