Fundublog Loans

Mayor Michael Coleman and other city leaders threw political weight behind a bill that would deflate the profits of payday lenders, 10TV’s Maureen Kocot reported.

Coleman, along with mayors from five other Ohio cities, backed legislation that would trim the interest rate that payday lenders charge.

In some cases, customers take out a loan and owe 391 percent in interest, Kocot reported.
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Courtesy: www.10tv.com

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