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The Ohio Legislature Got Payday Loan Reform Right

The Ohio Legislature Got Payday Loan Reform Right

After a lot more than a ten years of waiting, Ohioans will finally see affordable tiny loans—thanks into the Fairness in Lending Act, the strong bipartisan reform measure recently passed away by the Legislature.

The brand new legislation effective today is considered the most consequential and balanced cash advance reform enacted by any state. It achieves three fundamental objectives: affordable re re re payments, reduced rates, and reasonable time and energy to repay.

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