The Ohio Legislature Got Cash Advance Reform Right

The strong bipartisan reform measure recently passed by the Legislature after more than a decade of waiting, Ohioans will finally see affordable small loans—thanks to the Fairness in Lending Act.

The law that is new today is one of consequential and balanced cash advance reform enacted by any state. It achieves three fundamental objectives: affordable re re payments, reduced rates, and time that is reasonable repay. Whenever loans released under previous law become illegal in April, it’s going to allow credit to move while changing Ohio’s loans that are […]