Payday lending

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TIM RUDELL / WKSU

Here are your morning headlines for Wednesday, July 11: 

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KAREN KASLER / STATEHOUSE NEWS BUREAU

Here are your morning headlines for Wednesday, June 27:

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KAREN KASLER / OHIO PUBLIC RADIO

A national group that says Ohio’s payday lending rates are the highest in the nation came out strongly against possible changes to a bill that would crack down on the industry. Lawmakers are suggesting a vote on the bill could come this week.

Photo of Huffman proposing changes
KAREN KASLER / OHIO PUBLIC RADIO

Some major proposed changes are coming to a bill that passed the Ohio House overwhelmingly earlier this month cracking down on the payday lending industry. Borrowers here pay an average of 591 percent annual interest, the highest in the nation. Statehouse correspondent Karen Kasler reports while one Republican senator is hoping for a compromise, supporters of Houses-passed crackdown are furious.

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STATEHOUSE NEWS BUREAU

After seven weeks of not voting, the Ohio House passed 17 bills and agreed with the Senate on 11 more in a single afternoon this week. It was the first session since former Speaker Cliff Rosenberger stepped down in mid April amid an FBI investigation. The House won’t be holding voting sessions next week.

When newly elected Speaker Ryan Smith talked to reporters after the House’s first voting session since mid April, he was all smiles.

“It’s good to be back to work,” he said.

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