Pew Charitable Trusts to host event on Ohio payday lending legislation

Pew Charitable Trusts to host event on Ohio payday lending legislation

This Pew Charitable Trusts will host an event in Washington, D.C.focusing on Ohio’s Fairness in Lending Act afternoon. Enacted in July 2018, the Act puts new limitations on pay day loans including mortgage loan limit, a restriction in advance america payday loans locations the total price of a loan, as well as other structural limitations. The Act is regarded as a significant triumph for customer advocates using the prospective become followed through legislation in other states or through ballot initiatives. (the other day, Colorado voters passed a ballot effort that places a 36 % APR limit on payday advances.)

During the occasion, Ohio legislators from both edges of this aisle, company leaders, advocates, and scientists will talk about the Act. Relating to Pew’s description associated with occasion, the subjects should include a conversation of techniques “to advance meaningful reform in other states with payday advances.”

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