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Brand Brand New Poll Shows Ohioans Overwhelmingly Support Reforms for Pay Day Loans

95% of the polled favor reforms that cap rates of interest as proposed in recently introduced legislation

COLUMBUS, Ohio–( COMPANY WIRE )–A newly circulated poll shows that Ohio residents have actually an overwhelmingly negative view for the loan that is payday and strongly prefer proposed reforms. A $300 cash advance costs a debtor $680 in charges over five months, because loan providers in Ohio charge the average percentage that is annual of 591 per cent.

The poll, done by WPA Opinion Research and commissioned by The Pew Charitable Trusts, shows that among other results

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