Ohio Payday Lenders Lie, Bribe The Homeless In Attempt To Overturn Usury Limits

Ohio Payday Lenders Lie, Bribe The Homeless In Attempt To Overturn Usury Limits

Ohio payday lenders, still smarting from their punch in the face, are turning to lies and deceit to qualify a ballot initiative that would overturn the state’s recently approved usury limits. The industry’s petition gatherers are telling people that the initiative would “lower interest rates,” even though it would raise the maximum allowable APR from 28% to an astounding 391%. They’re also giving dollars to illiterate homeless people who sign the petition.