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Regulating Payday Lenders

The Sound of Ideas
Tuesday, June 9, 2009 at 9:00 am
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Ohio voters thought they'd outlawed high-interest payday loans. But many lenders found loopholes that allowed them to continue making unsecured loans at even higher rates by levying additional fees. Now, Ohio lawmakers will take another crack at limiting payday loans with a new set of rules contained in House Bill 209. We'll discuss the law with its chief sponsor, talk to an advocate for low income people and hear the industry side from the CEO of a payday lending company with more than 200 offices. Join us with your thoughts Tuesday morning at 9:00.

Guests

State Rep. Matt Lundy, D-Elyria
Jeffrey Dillman, executive director, Housing and Research Advocacy Center
Ted Saunders, CEO, Checksmart Financial Company

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