The Ohio Christian Alliance is urging voters to vote “no” on Nov. 4th and allow payday lending to continue in Ohio.
What people who oppose payday lending won’t tell you is that if the rates get capped at 28%, no one will be getting a cash advance. Banks will use overdraft fees to replace payday loans. The Ohio Christian Alliance probably realizes that having an option is better than having zero options.
Read the full aritcle here.
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