Payday lenders likely to go out of business in Ohio

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05-01-2008, 03:37 PM

Jim

/root

Join Date: Mar 2008

Location: Wauseon

Age: 44

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Payday lenders likely to go out of business in Ohio

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Columbus - In a stunning turn, Ohio House Republicans will offer a stringent payday lending bill today capping loan interest rates at 28 percent annually, below the 36 percent cap that supporters of new industry restrictions had sought.

Full Story

The Columbus Dispatch : Payday-lending industry sees double threat

Wauseon has a few of these lenders. I guess we'll see first hand if the prediction comes true.

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