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New legislation spells out reforms that will make payday financing reasonable and affordable in Ohio

New legislation spells out reforms that will make payday financing reasonable and affordable in Ohio

Reps. Koehler and Ashford state sensible modifications would save yourself residents tens of vast amounts yearly and have now strong support that is public Ohio teams help efforts and join growing statewide energy for reform

Columbus, Ohio – State lawmakers Kyle Koehler (R-Springfield) and Mike Ashford (D-Toledo) today introduced legislation to reform a payday lending market that costs the best prices into the country, drains funds from the state’s economy and harms Ohio customers.

The legislation gets the help of an increasing grassroots coalition of Ohio customer, company, veterans and faith teams. Southwest Ohio supporters are the Springfield Chamber of Commerce, Miami Valley Fair Housing Center, City of Dayton Human Relations Council, Community Action Partnership regarding the better Dayton region, Greater Dayton Hispanic Chamber of Commerce, The Homeownership Center of Greater Cincinnati among others. Statewide supporters through the Ohio Job & Family Services Directors Association, Ohio Council of Churches, Catholic Conference of Ohio, Ohio Poverty Law Center and Ohio CDC Association.