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Let me make it clear about exactly How Ohio Brought Fairness to payday advances

Let me make it clear about exactly How Ohio Brought Fairness to payday advances

Carl Ruby knew his hometown of Springfield, Ohio, had a good amount of issues, but the one thing in specific caught their attention around three years back. He counted five McDonald’s restaurants when you look at the city of approximately 60,000 people—and 18 payday financing stores.

Ruby, the senior pastor of Springfield’s Central Christian Church, had heard troubling records of individuals turning to payday lenders once they couldn’t spend their monthly bills—and then fighting excessive interest levels and recurring costs.