Payday financing reform bill prepared to advance in Ohio Senate

Payday financing reform bill prepared to advance in Ohio Senate

State senators evidently struck a deal on a contentious payday lending reform bill although not everybody is delighted: customer advocates are cheering but industry insiders are jeering.

Nick Bourke, manager of consumer finance for The Pew Charitable Trusts, told senators that the bill that is new attain real pay day loan reform and conserve working Ohioans tens of vast amounts per year — and protect usage of credit.”

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