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After Halted Vote A Week Ago, Payday Lending Crackdown Passes Home Committee And Heads To Floor

A bill to break straight down on payday lending passed an Ohio home committee with no changes – a week following the home Speaker resigned and a vote about it ended up being halted.

The committee hearing space ended up being packed – with customer advocates, payday financing representatives and interested onlookers, and in addition with concerns and stress. Ted Saunders may be the CEO of suburban Columbus based CheckSmart and heads the Ohio customer Lenders Association, and then he addressed it straight away. “My company nor the trade association funded, attended, coordinated or endorsed some of the trips surrounding the scandal review of that lead to the resignation regarding the Speaker and contains tangentially touched our industry,” Saunders stated. Continue reading