Nowadays, payday advances in Ohio can hold yearly portion prices of 500 % or even more, and unaffordable payments trap families with debt.

Nowadays, payday advances in Ohio can hold yearly portion prices of 500 % or even more, and unaffordable payments trap families with debt. The balance develops on reforms which were authorized in 2008 by roughly two-thirds of Ohioans whom throw ballots. It could cap rates of interest on payday advances at 28% and enable a …