Elevate Describes Why Ohio Payday Law Won’t Hurt Them

Elevate Describes Why Ohio Payday Law Won’t Hurt Them

The Fairness in Lending Act (House Bill 123) will shut a loophole that payday loan providers are utilizing to bypass the state’s 28 per cent optimum APR on loans. Regulations goes into impact at the conclusion of October of the 12 months.

“We don’t believe this legislation need a product effect on our company for two reasons,” Rees stated regarding the earnings call. Continue reading Elevate Describes Why Ohio Payday Law Won’t Hurt Them