This Cleveland Plain Dealer story has the latest, but payday lending lobbyist Darryl Dever sums it up nicely:

“If 36 percent puts you out of business, what do you think 28 percent is going to do?” asked Dever.

It’s amazing that given the rough time Ohio is having economically legislators would consider a bill that costs the state 6,000 jobs, millions in tax revenue, and uncountable losses to vendors, contractors and others that do business with the 1,600 payday loan stores in Ohio.