Payday Pundit

The article quotes CFSA president D. Lynn DeVault, “Operating under H.B. 545 is not economically feasible.  Our member companies say they expect stores to close and jobs to be lost.”

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Ohio’s public radio station reports that, following their coverage of last week’s rally in Colulmbus, they received the followed email from a listener:  

 ”YOU ALL SOUNDED LIKE ELITIST PIGS. I AM A 51-YEAR-OLD FULLTIME WORKER, BUT I HAVE NEEDED TO USE PAYDAY LENDERS FROM TIME TO TIME. THEY ARE MUCH BETTER THAN USING CREDIT CARDS IF YOU GET […]

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The story by Brian Duffy of 19 Action News, includes an interview with a Check n Go employee and an  appreciative customer. The visuals include close ups of the large poster-size displays of fees that are found in all CFSA member-company stores as well as images of the 3,000 employees that rallied for their jobs […]

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When asked if the Columbus, Ohio station’s viewers support the efforts,  a total of 1,095 people voted. 
Of those, 49% (546) voted “no” to restrict interest rates; 48% (530) voted “yes” to restrict;  and 1% (19) were undecided.

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Here are the details:
WHAT: Rally and press conference to discuss impact of House-passed legislation on Ohio’s leading payday lending companies.
WHO: Payday lending employees and customers, other supporters of the industry
WHERE: North Steps, State Capitol Building, Columbus, OH
WHEN: Tuesday, May 6th, 11am

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Media advisory: 
STATEHOUSE RALLY TO SAVE PAYDAY LENDING JOBS
Leaders of Ohio’s payday loan industry, along with hundreds of employees and customers, will hold a rally on Tuesday, May 6 at the state capitol.
They will call on Senators to reject House legislation which caps the annual interest rates on payday loans at 28% — eliminating the industry […]

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