Payday Lending 28% Annual Rate Cap Bill Passes Ohio House

The jobs of more than 6,000 Ohioans are on the line as the Ohio House passed a bill imposing a 28% annual rate cap on loans, essentially a $1.08 fee per $100 loaned.   Here is the Cleveland Plain Dealer story.  The bill now goes to the Senate where half the Senators are in support of a 36% rate cap.

Share:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • StumbleUpon
  • NewsVine
  • Reddit
  • RSS
  • Tumblr

Leave a Reply

Advert

TOPIC DU JOUR

PREVOUS POSTS

ONLINE LOANS

1PLs Company - Payday loans online and nearby Apply for $1,000, $5,000 or $35,000 cash advance

THE DEMAND FOR SHORT-TERM CREDIT