The facts are indisputable: It’s time to reform payday lending in Ohio.
Payday loans in Ohio are the most expensive in the nation, with an astounding typical annual percentage rate (APR) of 591%. These short-term, high-priced loans can trap hardworking Ohioans in a cycle of debt. However, a proposed bipartisan piece of legislation, House Bill 123, would reform the payday lending market making it more fair and affordable.
We are Ohioans for Payday Loan Reform, a group of like-minded Ohioans from the consumer, veterans, business, and faith communities committed to fighting for reforms to protect borrowers and boost our state’s economy. Payday loan reform will save hard-working Ohioans more than $75 million a year.
NEW! — April 18, 2018
Supporters Pleased that HB 123 Payday Lending Bill Passes Out of Committee in Ohio House of Representatives
From the Columbus Dispatch.
Just HOW expensive are payday and auto-title loans in Ohio? Incredibly. Click here to see REAL loan documents.
Stay Updated! Share a story! Follow us on social media by clicking below.