Pay day loan reform passes last hurdle in the legislature, bill awaits Gov. Kasich’s signature

Pay day loan reform passes last hurdle in the legislature, bill awaits Gov. Kasich’s signature

Coalition leaders applaud legislators for protecting Ohio customers

Columbus – July 24, 2018 – Payday lending reform took a leap forward nowadays while the Ohio Household voted 60 to 24 to just accept Senate modifications to accommodate Bill 123. The balance, also referred to as the Ohio Fairness in financing Act, will now check out Gov. John Kasich’s workplace for last approval.

The coalition that is statewide for pay day loan Reform called on Gov. Kasich to signal the bill into legislation as quickly as possible.

“It’s become nearly a 12 months . 5 of a David versus Goliath battle getting reforms that are payday the Ohio Legislature,’’ stated Carl Ruby, a Springfield pastor that is among the management for the coalition.