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

Brown joined up with Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan business the amount of Payday Loan Stores Now Exceeds the blended level of McDonalds and Starbucks in america

WASHINGTON, D.C. – Following last week’s governing because of the Ohio Supreme Court that undermined laws and regulations to safeguard Ohio customers from predatory loans, U.S. Sen. Sherrod Brown (D-OH) announced brand new efforts to ensure borrowers are protected from predatory pay day loan businesses. Brown had been accompanied during the Ohio Poverty Law Center by Maya Reed, a Columbus resident whom worked as being an economic solutions supervisor at a local payday lender.

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