New legislation spells out reforms that could make payday financing reasonable and affordable in Ohio

New legislation spells out reforms that could make payday financing reasonable and affordable in Ohio

Reps. Koehler and Ashford state sensible modifications would save yourself residents tens of vast amounts yearly and also strong support that is public Ohio teams help efforts and join growing statewide energy for reform

Columbus, Ohio – State lawmakers Kyle Koehler (R-Springfield) and Mike Ashford (D-Toledo) today introduced legislation to reform a payday lending market that costs the greatest prices into the country, drains money through the state’s economy and harms Ohio customers.

The legislation gets the help of an increasing coalition that is grassroots of consumer, company, veterans and faith teams. Southwest Ohio supporters are the Springfield Chamber of Commerce, Miami Valley Fair Housing Center, City of Dayton Human Relations Council, Community Action Partnership associated with the Greater Dayton region, Greater Dayton Hispanic Chamber of Commerce, The Homeownership Center of Greater Cincinnati as well as others. Statewide supporters are the Ohio Job & Family solutions Directors Association, Ohio Council of Churches, Catholic Conference of Ohio, Ohio Poverty Law Center and Ohio CDC Association. Weiterlesen