Payday lending a ‘horrible period’ for many Ohioans

Payday lending a ‘horrible period’ for many Ohioans

DAYTON, Ohio — One away from 10 Ohioans used payday advances to help make ends satisfy, in accordance with a lawmaker that is local to alter a method that many people state has ruined their economic lives.

Supporters of payday financing state home Bill 123, which passed a week ago by the Ohio home to cap high rates of interest and control minimal payments, will take off use of cash for up to 1 million individuals within the state.

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Concern Growing About Long Haul Influence of Payday Advances

Concern Growing About Long Haul Influence of Payday Advances

by Niko Centeno-Monroy — Last week, Nevada State Treasurer Dan Schwartz hosted an online payday loan Summit, which brought together stakeholders across the Silver State to talk about the future impacts of pay day loan financial obligation on customers in Nevada.

Their state summit parallels similar conversations and related efforts nation-wide to deal with the effect of cash advance financial obligation and explore greater defenses for consumers.

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