Cash Pay Advance

Chris Widener, R-Springfield, said Friday he and other lawmakers have struck upon a new plan for regulating payday lenders. Payday lenders and check cashing operations advance people money in return for a check drawn on their next paycheck. A bill scheduled to be unveiled in detail next week would end payday lending as consumers know it today in Ohio. Widener said further details on the new regulations would be unveiled at the Ohio Statehouse early next week and discussed at a full hearing of the Financial Institutions, Real Estate and Securities committee on Thursday, May 1. Find Out More

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