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Tag Archives: Payday Legislation

Ohio Passes Bill to Cut Payday Lender Fees After Spirited Debate

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Some lawmakers argued that the unintended consequences of restricting the interest rate charged by Payday loans would lead to hurt people. Rep. Bill Coley said, “You’ve got the cart way before the horse,” he said, telling supporters they were being pious by trying to protect people from themselves. “Let’s find an alternative where people can borrow money from before we ... Read More »

    Something Stinks in Missouri With Payday Loan Legislation

    Don Wells

    Payday lenders are the target of recent legislation to control predatory practices. New federal legislation is in the works and some states have moved on this issue themselves. But what is happening in Missouri is interesting. It seems that the Financial institutions Committee that has conducted hearings on the bill, only allowed representatives of the payday loan industry to testify. ... Read More »

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