After Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle straight straight Back Against Predatory Lending methods

After Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle straight straight Back Against Predatory Lending methods

Brown joined up with Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan business the sheer number of Payday Loan Stores Now Exceeds the Amount that is combined of and Starbucks in the usa

WASHINGTON, D.C. – Following last week’s governing because of the Ohio Supreme Court that undermined legislation to guard Ohio customers from predatory loans, U.S. Sen. Sherrod Brown (D-OH) announced brand brand new efforts to ensure borrowers are protected from predatory pay day loan businesses. Brown ended up being accompanied during the Ohio Poverty Law Center by Maya Reed, a Columbus resident whom worked as a monetary services supervisor at a regional payday loan provider.

Reed talked about strategies employed by payday loan providers to harass low-income customers whom took down short-term loans to make ends fulfill.

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