Ohio's ban on payday loans sent people running to pawn shops — Quartz
Quartz,
Until 2008, a cash-strapped customer in Ohio seeking a quick, two-week loan from a payday lender might find themselves paying a…
Until 2008, a cash-strapped customer in Ohio seeking a quick, two-week loan from a payday lender might find themselves paying a…
Until 2008, a cash-strapped customer in Ohio seeking a quick, two-week loan from a payday lender might find themselves paying a…
n November 2008, Ohio enacted the Short-Term Loan Law which imposed a 28% APR on payday loans, effectively banning the industry.