This Pew Charitable Trusts will host an event in Washington, D.C.focusing on Ohio’s Fairness in Lending Act afternoon. Enacted in July 2018, the Act puts new limitations on pay day loans including mortgage loan limit, a limitation in the total price of a loan, as well as other structural limitations. The Act is regarded as a victory that is significant customer advocates because of the prospective become followed through legislation various other states or through ballot initiatives. (the other day, Colorado voters passed a ballot effort that places a 36 percent APR limit on pay day loans.)

During the occasion, Ohio legislators from both edges regarding the aisle, company leaders, advocates, and scientists will talk about the Act. In accordance with Pew’s description regarding the occasion, the subjects should include a conversation of methods “to advance reform that is meaningful other states with pay day loans.”

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