Guerrilla warfare in Ohio

The Ohio Department of Commerce has notified 3 payday lenders that the state intends to revoke their license.  The three lenders are Check into Cash, QC Financial and 1st Choice Financial.

The Department of Commerce claims that the lenders are requiring the check cashing fees as part of the loan.  Tom Linafelt, of QC Financial, denies the allegation saying that “the company’s check-cashing services are not provided as a condition of the loan.”

Currently, there is a bill that’s been sitting in committee for 8 months.  Many legislators are worried about fewer credit options for borrowers.  They should be concerned, and the bill should die a slow painful death.

You can read the full article in the the Columbus Dispatch.

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