Payday Lending Law Costs Eastern Ohio
In a time of economic tightness in retail this law has resulted in 7 new empty retail spaces in small towns in Ohio from this one company alone. 7 locations that paid rent, taxes, and provided jobs to citizens in this hard hit area of the state.
7 towns where an option was taken away from its citizens so that now in a short term financial emergency they must either try to float a check which could result in $50 or more overdraft fees, or result to credit cards whose application fees, late fees, annual fees and interest rates way over shadow the $15 these citizens could have paid for a 2 week $100 loan.
Thanks for protecting us ohio legislators and Governor Stickland