Cash advance reform bill gets hearing that is second home

Cash advance reform bill gets hearing that is second home

Austinburg Township Fiscal Officer David Thomas testifies prior to the Ohio House national Accountability and Oversight Committee on Ohio home Bill 123, built to protect customers from high rates of interest and costs on short-term or “payday” loans, Wednesday during the Ohio Statehouse in Columbus.

COLUMBUS

Ohio home legislators heard hours of testimony this week for a bill to restrict interest that is astronomical and charges on short-term loans, igniting debate on whether “payday” lenders offer required advances to underserved consumers or produce “debt traps.”

Austinburg Fiscal Officer David Thomas, a known member of this Ohioans for cash advance Reform Coalition, which formed meant for Ohio home Bill 123, is certainly one proponent associated with bill. Continue reading “Cash advance reform bill gets hearing that is second home”