Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Ohio payday loan sent to governor
COLUMBUS, Ohio (5/23/08)--Ohio's payday loan reform bill is on its way to Gov. Ted Strickland for signature, which is expected next week. Members of the state House of Representatives voted 70-24 Tuesday to approve Senate changes in the bill (WHIO.TV.com May 20). The bill caps interest rates on short-term loans at 28% and limits borrowers to four such loans a year. Credit unions in the state have received positive attention as alternatives for payday loans (News Now May 20). Payday lenders opposed to the bill said they would have to leave the state.
Other Resources

RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
1 hour ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
1 hour ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
4 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
5 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
7 hours ago