After Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle straight Back Against Predatory Lending methods

Brown joined up with Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan business the amount of Payday Loan Stores Now Exceeds the Amount that is combined of and Starbucks in the us

WASHINGTON, D.C. – Following the other day’s ruling because of the Ohio Supreme Court that undermined laws to safeguard Ohio customers from predatory loans, U.S. Sen. Sherrod Brown (D-OH) announced brand brand new efforts to ensure borrowers are protected from predatory loan that is payday. Brown had been accompanied during the Ohio Poverty Law Center by Maya Reed, a Columbus resident who worked being a monetary solutions supervisor at a regional payday loan provider. Reed talked about strategies employed by payday loan providers to harass consumers that are low-income took out short-term loans to make ends satisfy.

“Hardworking Ohio families should not be caught with an eternity of financial obligation after accessing a short-term, small-dollar loan,” Brown stated. “However, that is what is taking place. 继续阅读After Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle straight Back Against Predatory Lending methods