payday lenders

photo of payday lending storefront
KAREN KASLER / STATEHOUSE NEWS BUREAU

Credit unions are disagreeing with claims that they will directly benefit from a new bill that’s written to crack down on the payday lending industry. As the credit unions argue, they’re already operating from a different, tough set of rules.

Payday lenders have claimed the Senate’s version of the payday lending crackdown would create an unlevel playing field.

Photo of Huffman proposing changes
KAREN KASLER / OHIO PUBLIC RADIO

Some major proposed changes are coming to a bill that passed the Ohio House overwhelmingly earlier this month cracking down on the payday lending industry. Borrowers here pay an average of 591 percent annual interest, the highest in the nation. Statehouse correspondent Karen Kasler reports while one Republican senator is hoping for a compromise, supporters of Houses-passed crackdown are furious.

Photo of Don Brey
KAREN KASLER / STATEHOUSE NEWS BUREAU

A crackdown on payday lenders that lawmakers haven’t passed is a step closer to going before voters next year.

 

The Short-Term Loan Consumer Protection Amendment will look familiar to many, according to Don Brey, the lawyer for the group of activists and faith leaders that wants it approved.

“It’s basically, with a couple tweaks, the same as H.B. 123.”

Photo of an empty House chamber
DAN KONIK / STATEHOUSE NEWS BUREAU

Accusations are flying at the State Capitol as the Ohio House continues in chaos without a speaker. The lawmaker considered to be the frontrunner says his rivals, such as the payday-lending industry, are delaying a vote. But as Statehouse correspondent Andy Chow reports, a top lending association is mounting its own, major accusation.

The chaos within the Ohio House Republican caucus continues to build.

As more time passes without a vote for a new House speaker, leaders and lobbyists are making their issues more public.

A photo of Rep. Niraj Antani, Republican.
TWITTER / Niraj Antani

A Republican state representative plans to introduce a bill later this week that would change the rules under which lawmakers accept gifts and would ban subsidized international travel. This comes in the wake of the resignation of former House Speaker Cliff Rosenberger, who has hired an attorney to deal with inquiries from the FBI. 

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