Ohio’s new payday loan legislation switches into impact Saturday. What’s going to alter?

Ohio’s new payday loan legislation switches into impact Saturday. What’s going to alter?

Tony Huang, CEO of available Finance, showing the application that clients uses — come Saturday, if the company starts running in Ohio — to get and repay short-term loans.

COLUMBUS, Ohio – A new short-term loan law that switches into impact Saturday is targeted at closing the rounds of financial obligation Ohioans will get into whenever a tiny loan snowballs with costs and interest and becomes impractical to repay.

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