Payday Pundit » economic impact http://paydaypundit.org News and Information About The Payday Lending Industry Tue, 22 Jun 2010 01:32:09 +0000 http://wordpress.org/?v=2.9 en hourly 1 Quotes from those who voted to save jobs and preserve credit options http://paydaypundit.org/2008/05/14/quotes-from-those-voted-to-save-jobs-and-preserve-credit-options/ http://paydaypundit.org/2008/05/14/quotes-from-those-voted-to-save-jobs-and-preserve-credit-options/#comments Wed, 14 May 2008 19:41:09 +0000 Payday Pundit http://paydaypundit.org/?p=388 Senator Bill Seitz, before urging rejection to the payday lending ban, stated the bill was “not fair to consumers” and that the “economic impact of this legislation should not underestimated.”

Senator Bob Schuler stated, “I think we are going overboard now.”

]]> http://paydaypundit.org/2008/05/14/quotes-from-those-voted-to-save-jobs-and-preserve-credit-options/feed/ 3 Economic impact of eliminating payday lending in Ohio http://paydaypundit.org/2008/05/08/economic-impact-of-eliminating-payday-lending-in-ohio-2/ http://paydaypundit.org/2008/05/08/economic-impact-of-eliminating-payday-lending-in-ohio-2/#comments Thu, 08 May 2008 20:46:34 +0000 Payday Pundit http://paydaypundit.org/?p=312

]]> http://paydaypundit.org/2008/05/08/economic-impact-of-eliminating-payday-lending-in-ohio-2/feed/ 0 Economic impact of eliminating payday lending in Ohio http://paydaypundit.org/2008/05/06/economic-impact-of-eliminating-payday-lending-in-ohio/ http://paydaypundit.org/2008/05/06/economic-impact-of-eliminating-payday-lending-in-ohio/#comments Tue, 06 May 2008 13:31:13 +0000 Payday Pundit http://paydaypundit.org/?p=249 Payday lenders employ more than 6,000 in Ohio in 1,600 storefront locations. Two major national payday lending companies are headquartered in Ohio, including Dublin-based Checksmart and Mason-based Check ‘n Go. 

  • Close 1600 storefront locations
  • Eliminate more than 6,000 jobs 
  • Lose $172.6 million annually in employee payroll, benefits & payroll taxes 
  • Vacate 4.8 million square feet of office space  
  • Lose $76.8 million annually in rent revenue to landlords across the state
  • Lose $23 million annually in revenue to advertising vendors
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