payday lenders

Photo of Don Brey
KAREN KASLER / STATEHOUSE NEWS BUREAU

A crackdown on payday lenders that lawmakers haven’t passed is a step closer to going before voters next year.

 

The Short-Term Loan Consumer Protection Amendment will look familiar to many, according to Don Brey, the lawyer for the group of activists and faith leaders that wants it approved.

“It’s basically, with a couple tweaks, the same as H.B. 123.”

Photo of an empty House chamber
DAN KONIK / STATEHOUSE NEWS BUREAU

Accusations are flying at the State Capitol as the Ohio House continues in chaos without a speaker. The lawmaker considered to be the frontrunner says his rivals, such as the payday-lending industry, are delaying a vote. But as Statehouse correspondent Andy Chow reports, a top lending association is mounting its own, major accusation.

The chaos within the Ohio House Republican caucus continues to build.

As more time passes without a vote for a new House speaker, leaders and lobbyists are making their issues more public.

A photo of Rep. Niraj Antani, Republican.
TWITTER / Niraj Antani

A Republican state representative plans to introduce a bill later this week that would change the rules under which lawmakers accept gifts and would ban subsidized international travel. This comes in the wake of the resignation of former House Speaker Cliff Rosenberger, who has hired an attorney to deal with inquiries from the FBI. 

Woman holding sign with "591" crossed out
Andy Chow / Statehouse News

Advocates pushing for a crackdown on payday lenders are one step closer to getting their reform proposal on the November ballot. The group says they’re tired of waiting on lawmakers to act, so they’re going straight to the voters. 

Ohioans for Payday Loan Reform delivered their first batch of petitions to the attorney general’s office. The proposed ballot issue would cap the interest rates of payday loans at 28 percent.

A photo of signs being held at a payday lending reform rally
ANDY CHOW / STATEHOUSE NEWS BUREAU

The group pushing for payday lending reform is taking their fight outside of the Statehouse and to Ohio voters. Advocates hope to put an issue that caps interest rates on the ballot 

Community leaders say they’re tired of waiting for lawmakers to cap the interest rates for payday loans, which can reach as high as 600 percent.

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