Payday financing as Ohio has understood it really is over — but short-term financing is perhaps maybe perhaps not going away.
A brand new legislation takes impact Saturday with stricter limitations on interest and costs, plus installment payment needs, all made to avoid getting desperate borrowers stuck in a financial obligation trap.
Whenever finalized by then-Gov. John Kasich on July 30, the payday industry warned it can place them out of business, making those without conventional banking options nowhere to show for crisis credit. (بیشتر…)