The Ohio Legislature Got Cash Advance Reform Appropriate

December 13, 2020 No comments yet

The Ohio Legislature Got Cash Advance Reform Appropriate

After a lot more than 10 years of waiting, Ohioans will finally see affordable little loans—thanks towards the Fairness in Lending Act, the strong bipartisan reform measure recently passed away by the Legislature.

The law that is new today is considered the most consequential and balanced pay day loan reform enacted by any state.

It achieves three fundamental goals: affordable re re payments, reduced rates, and time that is reasonable repay.

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