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Problems with payday loan ’solution’

April 29th, 2008 by admin

There appears to be an orchestrated effort across the country to essentially shutdown the payday loan industry.

Legislation offered in various states, including H.B. 333, currently under consideration in the Ohio General Assembly, all feature a similar set of regulatory changes, like a cap on payday loan interest rates at around 36 percent, restricting the number of loans that can be obtained in a year, and prohibiting loan origination fees. Read more
Courtesy: www.timesgazette.com

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