Crucial consumer protections headed to governor's desk
Payday lending reform passes amid FBI probe into alleged GOP corruption at the Statehouse
House Democrats today applauded the passage of House Bill (HB) 123, a bipartisan effort to enact consumer protections for the thousands of Ohioans who utilize short-term loans every day. Borrowers in Ohio currently pay some of the highest rates in the nation for payday loans, with estimated average interest rates at over 500 percent.