payday loan reform

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Advocates pushing for a crackdown on payday lenders are one step closer to getting their reform proposal on the November ballot. The group says they’re tired of waiting on lawmakers to act, so they’re going straight to the voters. 

Ohioans for Payday Loan Reform delivered their first batch of petitions to the attorney general’s office. The proposed ballot issue would cap the interest rates of payday loans at 28 percent.