Following Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle right straight Back Against Predatory Lending methods

Following Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle right straight Back Against Predatory Lending methods

Brown joined up with Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan Industry the amount of Payday Loan Stores Now Exceeds the blended level of McDonalds and Starbucks in the us

WASHINGTON, D.C. – Following last week’s governing by the Ohio Supreme Court that undermined legislation to guard Ohio customers from predatory loans, U.S. Sen. Sherrod Brown (D-OH) announced brand brand new efforts to make sure that borrowers are protected from predatory loan that is payday. Brown had been accompanied in the Ohio Poverty Law Center by Maya Reed, a Columbus resident whom worked as being a economic solutions manager at greenlight cash complaints a payday lender that is local. Reed talked about strategies employed by payday loan providers to harass consumers that are low-income took down short-term loans to make ends satisfy. […]