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MANSFIELD — Payday lenders, which can legally charge customers up to 391 percent interest annually, would be limited to 36 percent under a bill to be introduced in the Ohio General Assembly. Suzanne Gravette, of the Coalition on Homelessness and Housing in Ohio, said that would be a good thing for Richland County, where the number of payday lending offices has jumped from one to 22 in the last decade. Neither The Ohio Association of Financial Service Centers, which represents payday lenders, nor Quik-Cash, a payday lender with offices in Mansfield, could be reached for comment. Gravette, who was in Mansfield on Friday, said the Coalition for Responsible Lending, which includes her agency, has tracked consumer complaints about payday lenders to the Ohio Attorney General’s Office. Gravette said payday lenders claim customers pay only 15 percent interest, since they charge a fee of $15 for every $100 borrowed. MANSFIELD — Middle-class people who take out payday loans to temporarily make ends meet can find much better deals if they shop around for alternatives, according to Mansfield Fair Housing Director Don Mitchell. Find Out More

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