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Let me make it clear about Payday Lending “Reform” in Ohio Will Just Dry Up These loans that are needed

Director, Center for Data Review

During the last several years, Pew Charitable Trusts — an advocacy team, 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 this associated with the Center for Responsible Lending additionally the Consumer Financial Protection that is federal Bureau.

The approach is easy: spread information that is misleading scare everybody; and employ the federal government to micromanage individuals life.

Simply final thirty days, Pew praised Ohio legislators for moving a unique bill (House Bill 123) away from committee. Read the rest of this entry »