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Home passes payday lending bill

Home passes payday lending bill The Ohio House passed a bill that would cut the fees payday lenders can charge for short-term loans after a spirited debate yesterday. The House voted 61-37 to prohibit payday lenders from issuing checks and then charging customers to cash them with 48 Democrats joining 13 republicans. The balance also would restrict origination and credit-check costs on loans netcredit loans app of $1,000 or less to when every 3 months. The balance now would go to...

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