payday lending reform

The comprehensive bill that completely changed the landscape for payday lenders in Ohio will officially go into effect this weekend, nine months after it…

M.L. Schultze Ohio’s overhaul of its payday lending laws will be fully implemented in April. At a conference in Washington Monday, it was applauded as a national model that ensures the short-term loans will continue to be offered without gouging consumers. During the discussion organized by the Pew Charitable Trusts, advocates for the overhaul said they battled more than three-dozen lobbyists for the payday lending industry who wanted to maintain the status quo, including interest rates and fees that averaged nearly 600 percent.

In the final chapter of one of the most surprising twists of the year, the Ohio House agreed with the Senate’s changes to a payday lending overhaul and…

Credit unions are disagreeing with claims that they will directly benefit from a new bill that’s written to crack down on the payday lending industry. As…

A bill to overhaul the payday lending industry in Ohio is heading back to the House after the Senate approved the legislation with some changes. Consumer…

The Ohio Senate is introducing changes to a payday lending crackdown that passed the House by a big margin. Supporters of the legislation say it will help…

The bill to clamp down on payday lending interest rates and fees has hit another wall. After passing out of the House with strong support, Senate…

Ohio lawmakers are preparing for a busy week at the Statehouse as they’re set to pass several big bills before leaving for summer break. As Statehouse…

A crackdown on payday lenders that lawmakers haven’t passed is a step closer to going before voters next year. The Short-Term Loan Consumer Protection…

A citizens group is trying to put an issue on the ballot that would cap the interest rates of payday loans at 28 percent without the loopholes in current…