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Payday Lending “Reform” in Ohio Will Just Dry Up These Required Loans

Payday Lending “Reform” in Ohio Will Just <a href="https://realbadcreditloans.com/">loans for bad credit</a> Dry Up These Required Loans

Director, Center for Data Research

During the last few years, Pew Charitable Trusts — an advocacy team, to not ever be mistaken for the Pew Research Center — has orchestrated a campaign to quash the payday financing industry. Their playbook closely aligns with this associated with Center for Responsible Lending as well as the federal customer Financial Protection Bureau.

The approach is easy: distribute misleading information; scare everyone else; and make use of the us government to micromanage individuals life.

Simply month that is last Pew praised Ohio legislators for moving a fresh bill (House Bill 123) away from committee.

Pew called it “a step that is long overdue reforming their state’s cash advance industry.” But just what the bill really does is allow it to be practically impractical to make short-term loans. Continue reading “Payday Lending “Reform” in Ohio Will Just Dry Up These Required Loans”