Ohio Payday Lending Passes, Casino Issue Fails
Posted: 9:27 pm EST November 4, 2008
Ohio voters passed the payday lending issue, but voted down allowing a casino in the state.The payday lending issue, also known as Issue 5, will allow customers 30 days to repay loans to lenders at 28 percent, and will also allow a customer to borrow from $800 to $500.Issue 6 would have authorized one privately owned casino, with a minimum investment of $600 million.
Previous Stories:
- October 24, 2008: Payday Lending Fight Makes Ohio Ballot
- October 13, 2008: Ohio Voters Marking Ballots On A Number of Statewide issues.
- September 24, 2008: Payday Lending Industry Falls Short
- June 6, 2008: Voters May Get Last Say On Payday Lending
- May 15, 2008: Ohio Senate Approves Payday Lending Restrictions Bill
- May 6, 2008: Local Lenders Angry Over Proposal That Caps Rates
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