Progress Ohio | Dave Harding's Blog: Video: HB 545 Payday Lending Legislation Signing: Comments By House Majority Leader Jon Husted

Video: HB 545 Payday Lending Legislation Signing: Comments By House Majority Leader Jon Husted

By Dave Harding, ProgressOhio - Jun 2nd, 2008 at 3:13 pm EDT

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Watch it:

Thanks to you, Ohio is putting a stop to unfair lending practices that trap borrowers in a cycle of debt.

House Bill 545:

Caps the annual percentage rate on payday loans at 28 percent, down from the current maximum of 391 percent

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