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After Ohio Supreme Court Ruling on pay day loans, Brown Calls for New Protections to battle straight straight right Back Against Predatory Lending methods

Brown joined up with Columbus Resident Who Worked As A Financial solutions Manager In Payday Loan business the amount of Payday Loan Stores Now Exceeds the blended quantity of McDonalds and Starbucks in america

WASHINGTON, D.C. ??“ Following last week??™s ruling because of the Ohio Supreme Court that undermined legislation 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 cash advance businesses Brown had been joined during the Ohio Poverty Law Center by Maya Reed, a Columbus resident whom worked as a monetary services supervisor at a regional payday loan provider. Reed discussed strategies utilized by payday loan providers to harass low-income customers who took away short-term loans to make ends satisfy. More…