Payday lenders likely to go out of business in Ohio

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Payday lenders likely to go out of business in Ohio

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05-01-2008, 03:37 PM

Jim

of Wauseon

Join Date: Mar 2008

Location: Wauseon, Ohio

Age: 44

Posts: 193

Images: 305

Payday lenders likely to go out of business in Ohio

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Columbus - In a stunning turn, Ohio House Republicans will offer a stringent payday lending bill today capping loan interest rates at 28 percent annually, below the 36 percent cap that supporters of new industry restrictions had sought.

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The Columbus Dispatch : Payday-lending industry sees double threat

Wauseon has a few of these lenders. I guess we'll see first hand if the prediction comes true.

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