House bill would rein in predatory lenders

But payday borrowers in Ohio face an additional burden: Ohio currently has the most expensive payday loans in the country.

Op-Ed (Ohio)

Aisha Sleiman, George Thomas
Toledo Blade
December 1, 2017
READ THE FULL STORY HERE

Tags: Consumer Protection, Predatory Lending

Organizations mentioned/involved: Advocates for Basic Legal Equality (ABLE) (Ohio)


DETAILS

In May, with the help of community partners, including ABLE, Toledo’s City Council unanimously passed a new zoning ordinance limiting predatory payday lenders from opening up new branches in an already oversaturated market.

Now Ohio public officials have a new opportunity at the state level to further reform the short-term lending industry and save Ohioans millions of dollars.