Ohio bill “attempts to protect people who first of all are not complaining”
April 3, 2008 | Ohio, industry, positive media coverage, regulation, states | Comments (0)Joe Ritchey, the blogger behind Ohio’s Fundamental Truth looks at the myths versus reality of the payday lending industry in Ohio. He concludes:
This Payday lending bill in Ohio is another attempt to protect people who first of all are not complaining, and second of all do not need protecting. There are plenty of victims from fraudulent and shady financial practices. However those are not in the payroll lending industry, they are with banks, finance companies, credit card companies and mortgage companies. It is time the Ohio General Assembly look at real problems rather then creating victims where there are none.
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