The Columbus Post-Dispatch says that Ohio lawmakers are getting inexplicably tough on payday lenders. Have people finally had enough?
The Dispatch says that Ohio payday lenders currently charge about $15 per $100 borrowed for a two-week loan. The bill would limit the rate to less than $2.50 per $100 on a one-month loan.
I'm so glad to see this. I hate seeing the greedy stealing from the poor.
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