
Loophole Threat to Payday Financing Reform
Loophole Threat to Payday Financing Reform Ohio Payday financing Reform An amendment was introduced in the Senate to House Bill 38 that could have created a loophole sending payday lenders out of the Ohio Fairness in Lending Act statute (HB 123, 2018) and into the Consumer Installment Lending Act (CILA) statute allowing for unlimited fees during this lame duck legislative session. OCDCA worked with this...