A faction of pay day loan businesses state previous home Speaker Cliff Rosenberger had been accountable for delaying a bill that will control the industry. (Jackie Borchardt, cleveland.com)
COLUMBUS, Ohio — Former Ohio House Speaker Cliff Rosenberger utilized strong-arm strategies to tank a bill to manage the cash advance industry, including threatening loan providers that had been wanting to work with a compromise with reform advocates, in accordance with two pay day loan CEOs and their lobbyists.
The Ohio customer Lenders Association, a combined team of payday loan providers, says Rosenberger stopped their efforts for a compromise on home Bill 123 so he can keep claims to many other financing organizations that objected to your alterations in what the law states. The bill was introduced in March 2017 but languished in a residence committee for more than a year before advancing with no change that is single.
“He had been telling people and editorial panels which he preferred reform while telling particular lobbyists and their customers which he would avoid any reform from using put on their watch, ” relationship members Ted Saunders and Cheney Pruett composed in a might 15 page to Rep. Niraj Antani, which cleveland.com obtained through a public records request. Continue reading Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill