Brown Joined Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan business the sheer number of Payday Loan Stores Now Exceeds the Amount that is combined of and Starbucks in the us

WASHINGTON, D.C. – Following last week’s governing because of the Ohio Supreme Court that undermined laws and regulations to safeguard Ohio customers from predatory loans, U.S. Sen. Sherrod Brown (D-OH) announced brand brand new efforts to make sure that borrowers are protected from predatory loan that is payday. Brown ended up being accompanied during the Ohio Poverty Law Center by Maya Reed, a Columbus resident whom worked as being a monetary solutions supervisor at a regional payday lender.

Reed talked about techniques employed by payday lenders to harass consumers that are low-income took away short-term loans to make ends fulfill.

“Hardworking Ohio families should not be caught with a very long time of debt after accessing a short-term, small-dollar loan,” Brown stated. Read more