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After Halted Vote week that is last Payday Lending Crackdown Passes Home Committee And Heads To Floor

After Halted Vote week that is last Payday Lending Crackdown Passes Home Committee And Heads To Floor

A bill to break straight straight down on payday lending passed an Ohio home committee without the changes – a week following the home Speaker resigned and a vote onto it had been halted.

The committee hearing space ended up being packed – with customer advocates, payday financing representatives and interested onlookers, and in addition with concerns and stress. Ted Saunders may be the CEO of residential district Columbus based CheckSmart and heads the Ohio customer Lenders Association, and then he addressed it immediately. “My company nor the trade relationship funded, attended, coordinated or endorsed some of the trips surrounding the scandal that triggered the resignation regarding the Speaker and it has tangentially moved our industry,” Saunders said.

Just this morning, a vote for a compromise from the bill have been stopped by some people of this exact same committee, which came across simply hours after home Speaker Cliff Rosenberger (R-Clarksville) resigned. Continue reading

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