Ohio justices: payday advances appropriate despite 2008 legislation

Ohio justices: payday advances appropriate despite 2008 legislation COLUMBUS – In a success for payday loan providers, the Ohio Supreme Court ruled Wednesday that the two-week loan to an Elyria man that imposed a lot more than 235-percent interest just isn't forbidden under Ohio’s home loan financing laws and regulations. The court sent Rodney Scott’s case against Ohio Neighborhood Finance,…

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