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Home passes lending bill that is payday

Home passes lending bill that is payday

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Home passes lending bill that is payday The Ohio House passed a bill that would cut the fees payday lenders can charge for short-term loans after a spirited debate yesterday. The House voted 61-37 to prohibit payday lenders from issuing checks and then charging customers to cash them with 48 Democrats joining 13 republicans. The bill additionally would restrict credit-check and origination charges on loans of $1,000 or less to as soon as every ninety days. The bill now visits…

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