New legislation spells out reforms that could make lending that is payday and affordable in Ohio

New legislation spells out reforms that could make lending that is payday and affordable in Ohio

Reps. Koehler and Ashford state sensible modifications would conserve residents tens of vast amounts yearly and possess 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 within the country, drains cash through the state’s economy and harms Ohio customers.

The legislation gets the help of an ever growing grassroots coalition of Ohio 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 Greater Dayton region, Greater Dayton Hispanic Chamber of Commerce, The Homeownership Center of Greater Cincinnati among 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.

“Our proposed reforms would bring stratospheric borrowing expenses back off to planet from their hyper-inflated present levels,” Rep. Koehler stated. “These adjustments are long overdue. Read more…