Pew urges other states trying to better regulate the pay day loan industry to consider Ohio’s brand new law as being a model that is possible.

Pew urges other states trying to better regulate the pay day loan industry to consider Ohio’s brand new law as being a model that is possible.

A Springfield Chamber of Commerce formal attended a Pew presentation about payday financing during a visit to Washington, D.C. as he got house, he recommended that the Springfield team and Pew join forces.

They did, with Ruby, Drewery, as well as other Springfield residents providing regional knowledge and sharing their experiences while Pew provided information and technical expertise. Pew had currently developed safeguards for reforming payday financing based on several years of research. Key conditions included affordable re re payments, reasonable time and energy to repay, and costs no greater than required to make credit available. Continue reading “Pew urges other states trying to better regulate the pay day loan industry to consider Ohio’s brand new law as being a model that is possible.”