Voters May Get Last Say On Payday Lending
POSTED: 11:00 am EDT June 6,
2008
UPDATED: 11:15 am EDT June 6,
2008
Ohio voters may get the final say in payday lending loans and the interest rates they charge.A payday loans industry group is considering a November ballot issue asking voters to appeal a new ruling that limits interest rates.Ohio Gov. Ted Strickland signed a bill into law Monday that limits interest rates at 28 percent, 363 percent less than what lenders charge now.Election officials are still considering the request to put the repeal on the ballot.
For more local news, click here.
Copyright 2008 by wtov9.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.











