Ohio Senate

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TIM RUDELL / WKSU

Here are your morning headlines for Wednesday, July 11: 

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ANDY CHOW / STATEHOUSE NEWS BUREAU

The Ohio Senate is introducing changes to a payday lending crackdown that passed the House by a big margin. Supporters of the legislation say it will help shutdown predatory lending and a cycle of debt.

The Senate's changes raise the maximum payday loan amount to $1,000. The bill also caps the principal and fees on those loans at 7% of the borrower’s monthly income, and says total costs, meaning fees and interest rates, cannot be more than 60% of the original loan.

photo of Senate Finance Committee
ANDY CHOW / STATEHOUSE NEWS BUREAU

The bill to clamp down on payday lending interest rates and fees has hit another wall. After passing out of the House with strong support, Senate Republicans have halted the bill in committee in order to consider possible changes.

Democrats on the committee tried to force a vote on the bill, but Senate Republicans were able to rally enough opposition to stop that vote.

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KAREN KASLER / STATEHOUSE NEWS BUREAU

Here are your morning headlines for Monday, May 21:

A photo of the Senate chamber on the first day of session, January 2017.
STATEHOUSE NEWS BUREAU

Here are your morning headlines for Thursday, May 17:

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