Without a doubt about Payday Lending “Reform” in Ohio Will Just Dry Up These loans that are needed

Without a doubt about Payday Lending “Reform” in Ohio Will Just Dry Up These loans that are needed

Director, Center for Data Review

The past couple of years, Pew Charitable Trusts — an advocacy group, not to ever be mistaken for the Pew Research Center — has orchestrated a campaign to quash the lending industry that is payday. Their playbook closely aligns with that of this Center for Responsible Lending as well as the Consumer Financial Protection that is federal Bureau.

The approach is not difficult: spread information that is misleading scare everybody; and employ the us government to micromanage people’s life.

Simply month that is last Pew praised Ohio legislators for moving a new bill (House Bill 123) away from committee. Continue reading