Banks take advantage in wake of issue 5
December 1, 2008 | Bill Faith, Ohio, alternatives, industry | Comments (0)No kidding. That’s what we’ve been saying for months. From the story:
Supporters of the statewide ban on payday lending said they were still concerned that a loophole could potentially allow banks to take advantage of down-on-their luck customers.
“Unfortunately the new state law doesn’t apply to banks because they are regulated at the federal level,” said Yes on Issue 5 organizer Bill Faith.
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