Personal View: how come payday financing still therefore strong in Ohio?

Personal View: how come payday financing still therefore strong in Ohio?

5 years ago, Ohio passed probably the most robust payday lending regulation in the united kingdom in reaction into the revelation that there were more payday loan providers in Ohio compared to three most frequent fast-food chains combined.

The legislation had been likely to protect customers from predatory loan providers billing fees that are outrageous little loans which had become paid back in 2 months or less.

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