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Without a doubt about Payday financing bill’s restrictions could increase with feasible amendment

COLUMBUS, Ohio – Ohio Sen. Matt Huffman stated he could be taking care of an amendment up to a payday financing limitation bill to permit visitors to borrow more cash.

Huffman stated he would like to boost the $500 per loan roof in home Bill 123 to $1,000 or $2,500. The Lima Republican said he wants to limit people to one or two loans at a time at the same time. He stated their amendment would need the state to produce a database of loans that payday loan providers will have to check always whenever they provide cash. Continue reading

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