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	<title>Payday Pundit &#187; Darryl Dever</title>
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	<description>News and Information About The Payday Lending Industry</description>
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		<title>Ohio update:  New &#8220;28%&#8221; bill introduced</title>
		<link>http://paydaypundit.org/2008/04/29/ohio-update-new-28-bill-introduced/</link>
		<comments>http://paydaypundit.org/2008/04/29/ohio-update-new-28-bill-introduced/#comments</comments>
		<pubDate>Wed, 30 Apr 2008 03:04:34 +0000</pubDate>
		<dc:creator>Payday Pundit</dc:creator>
				<category><![CDATA[Cleveland Plain Dealer]]></category>
		<category><![CDATA[Ohio]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[media coverage]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[states]]></category>
		<category><![CDATA[Darryl Dever]]></category>
		<category><![CDATA[job loss]]></category>
		<category><![CDATA[rate cap]]></category>

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		<description><![CDATA[This Cleveland Plain Dealer story has the latest, but payday lending lobbyist Darryl Dever sums it up nicely:
&#8220;If 36 percent puts you out of business, what do you think 28 percent is going to do?&#8221; asked Dever.
It&#8217;s amazing that given the rough time Ohio is having economically legislators would consider a bill that costs the [...]]]></description>
			<content:encoded><![CDATA[<p>This <a href="http://blog.cleveland.com/openers/2008/04/bill_tries_to_cap_payday_loan.html" target="_blank">Cleveland Plain Dealer </a>story has the latest, but payday lending lobbyist Darryl Dever sums it up nicely:</p>
<blockquote><p>&#8220;If 36 percent puts you out of business, what do you think 28 percent is going to do?&#8221; asked Dever.</p></blockquote>
<p style="text-align: left;">It&#8217;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. </p>
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