New legislation spells out reforms that will make payday financing reasonable and affordable in Ohio

New legislation spells out reforms that will make payday financing reasonable and affordable in Ohio

Reps. Koehler and Ashford state sensible modifications would conserve residents tens of vast amounts yearly and also strong support that is public Ohio groups help efforts and join growing statewide energy for reform

Columbus, Ohio – State lawmakers Kyle Koehler (R-Springfield) and Mike Ashford (D-Toledo) today introduced legislation to reform a payday lending market that fees the best prices into the country, drains funds from the state’s economy and harms Ohio customers.

The legislation has got the help of an increasing grassroots coalition of Ohio customer, company, veterans and faith teams. Southwest Ohio supporters are the Springfield Chamber of Commerce, Miami Valley Fair Housing Center, City of Dayton Human Relations Council, Community Action Partnership associated with the better Dayton region, Greater Dayton Hispanic Chamber of Commerce, The Homeownership Center of Greater Cincinnati as well as others. Statewide supporters through the Ohio Job & Family solutions Directors Association, Ohio Council of Churches, Catholic Conference of Ohio, Ohio Poverty Law Center and Ohio CDC Association.

“Our proposed reforms would bring borrowing that is stratospheric back off to planet from their hyper-inflated present levels,” Rep. Meer lezen