Short-term loan act was smoke and mirrors
Two weeks ago, the Ohio Supreme Court decided in Ohio Neighborhood Finance, Inc., v. Scott that lenders are not obligated to make payday loans under the Short-Term Loan Act, which restricted fees, and instead may lend under the Small Loan and Second Mortgage Acts, which permit significantly higher fees. The Short-Term Loan Act was passed […]
Short-term loan act was smoke and mirrors Read Post »