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Debt / Economics / Banking / Personal finance / Mortgage industry of the United States / Payday loan / Loan / Credit / Origination fee / Financial economics / Finance / Loans
Date: 2010-05-03 14:33:11
Debt
Economics
Banking
Personal finance
Mortgage industry of the United States
Payday loan
Loan
Credit
Origination fee
Financial economics
Finance
Loans

In June 2008, in response to excessively high payday lending interest rates, the Ohio Legislature passed House Bill 545, the Short Term Lender Law. HB 545 capped interest rates at 28% APR, down from 391%, on all short-te

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