Payday Pundit

Payday lenders in Ohio are facing a bleak future.  Tax paying businesses shuttered, leases broken, employees laid off.  It’s scary how quickly the government can take one’s livelyhood away.

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I was at the grocery store last night and took a spin down the bottled water aisle.  I counted over ten different brands of water. TEN! That was just for still water, not fizzy fancy mineral water or ultra pure distilled or raspberry flavored “performance” water…just plain old water that you can get for pennies out […]

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Ohio Grocers Association Supports Ohioans For Financial Freedom To Keep Ohio Jobs and Consumer Choices

COLUMBUS, OH – The Ohio Grocers Association today gave its endorsement for the efforts of Ohioans For Financial Freedom to repeal section (3) of H.B. 545 saying the legislation goes too far and will hurt Ohio grocers and consumers.
“The national credit […]

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You know what the great thing is about a democracy?  Each and every person gets to have their say, make up their own mind and choose.  Sure, Alexis de Tocqueville and Federalist Paper #10 warned about tyranny of the majority, but with the checks and balances that are in effect in this great country and […]

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Committee Calls on Bill Faith To Retract False Statement
 
Columbus― The Committee of Ohioans For Financial Freedom today demanded Bill Faith immediately retract completely false allegations he made about circulators allegedly paying two individuals $1.00 to sign a petition, or face serious legal actions.
 
“The Committee has investigated this allegation of two homeless individuals allegedly […]

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So many employees of the payday lending industry in Ohio fought hard for their jobs and for their customers.  Everyone of you has more sense and smarts than the legislators who voted to kill the industry in the state.    This letter in the Youngstown Vindicator is typical of the many letters to the editors, emails to legislators […]

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See full press release

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CFSA Press Release:
Consumers Denied Choice, Jobs Threatened as Ohio Senate Votes to Ban Payday Lending
Legislators Play Politics, Ignore Tens of Thousands of Ohioans 
Washington, D.C. – Ignoring the pleas of tens of thousands of customers and employees, Ohio Legislators chose instead to vote today to ban payday lending in Ohio, said the Community […]

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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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   Finance and Financial Institutions, 9:30 AM, Finance Hearing Room
   Chair: Carey
Sub HB 545 Widener, 4th Hearing, No Testimony**(***)
Short term lending – regulation
It’s ironic that the same committee is meeting tomorrow morning to discuss the JOBS package.  If they were really concerned about jobs, they wouldn’t be voting to put 6,000 people out of work.

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