This article gives a good update on the status of legislation in Ohio.  Key passage:

It’s the Senate committee’s third hearing on the issue, with a fourth hearing on the schedule for Wednesday afternoon but no testimony scheduled.

The House bill included not only the interest cap but also a limit of four payday loans per year per customer.

Phyllis Riccadonna, who has operated America Check Exchange locally since 1997, said there are other solutions that weren’t included.

“I’ve been in this business since 1997. I opened the first payday loan shop in the entire Ohio Valley,” Riccadonna said. “The 28 percent cap would put us out of business. There is no ifs, ands or buts about it. It amounts to a charge of about a dollar per loan.”

State Treasurer Richard Cordray said in a recent interview that the current loan rates charged by the payday lenders in Ohio amount to about 391 percent annually, but Riccadonna said a better solution would be a return to tighter caps on loan amounts, not interest.