Payday lenders have avoided the 28% rate cap set out in the 2008 legislation by obtaining licenses to make loans under other Ohio Laws. Lenders now operate 1,020 stores statewide.
Read the full New Face of Payday Lending – Press Release March 9 2009
Read the full report: New Face of Payday Lending March 9 2009 (Revised 4-16-09)