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Tagged: “payday lending”

Loan Sharking and Payday Lending

March 2014

In the struggle to regulate the short term, small dollar loan industry, one theory regularly pops up.  This theory states that if such loans are capped and regulated, violent loan sharks will take the place of legitimate small loan businesses that would not be able to survive under such onerous regulation.  The violent loan shark […]

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Ohio Legal Aid Attorneys Submit Comments on Payday Lending to Federal Agency

April 2012

In response to the Consumer Financial Protection Bureau‘s recent request for comments on payday lending, Ohio legal aid advocates, led by OPLC attorney Linda Cook, recently teamed up to write and submit comments on the state of payday lending in Ohio. Ohio advocates’ comments focused on Ohio’s failure to prevent payday lending, despite bipartisan legislation […]

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