Short Term Loan Act

photo of Jon Husted and Mike DeWine

Here are your morning headlines for Thursday, November 30th:

New Payday Lending Rules May Not Help Ohio

Oct 9, 2017
Taber ANdrew Bain / Flickr

New rules issued this past week by the federal Consumer Financial Protection Bureau are meant to rein in payday and auto title lenders. The rules require enhanced credit checks for some loans and cooling off periods after three loans in a row to a single borrower.