Friday

Payday financing as Ohio has understood it is over — but short-term financing is perhaps maybe perhaps not going away.

A law that is new impact Saturday with stricter limitations on interest and charges, plus installment payment demands, all made to avoid getting desperate borrowers stuck in a financial obligation trap.

Whenever signed by then-Gov. John Kasich on July 30, the payday industry warned it could place them away from company, making those without old-fashioned banking options nowhere to show for emergency credit. Read more