Cash America Closing Their Doors In Ohio
May 15, 2008 – 1:01 pmIf you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Cash America recently announced that they will be closing all of their retail branches in Ohio. Cash America is a Payday lender that issues 2 week loans to consumers with an extraordinary interest
rate of 391%.
The company made the announcement on the heels of a bill being passed in the Ohio Senate that prohibits the lending practice in the Buckeye state. The bill must be approved by the Ohio House, but it’s expected that this will easily pass. Ohio Governor Ted Strickland said he supports the bill.
What are your thoughts on payday lending? Will the closure of these short term lenders change the way that you live?
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