Comments on: Ohio Payday Loan Laws Update http://paydayloanindustryblog.com/ohio-payday-loan-laws-update/ Payday Loan Industry News & Developments a Resource Tue, 06 Jan 2009 22:02:03 +0000 http://wordpress.org/?v=2.6.2 By: Steve http://paydayloanindustryblog.com/ohio-payday-loan-laws-update/#comment-39 Steve Thu, 24 Jul 2008 19:46:59 +0000 http://paydayloanindustryblog.com/?p=15#comment-39 The fact that they AG isn't permitted to comment on the merit of the referendum is probably a good thing for the national payday lobby. There aren't any merits! The Ohio referendum process is meant to be used for citizens to overturn legislation with which they disagree. However, it's not the average joe that's trying to overturn the law, it's the national payday lobby out to protect its its ability to make profits off the backs of poor and working class Ohioans. Let's hope Ohio's voters are keenly aware of the lengths to which the industry will deceive them to make a profit. The fact that they AG isn’t permitted to comment on the merit of the referendum is probably a good thing for the national payday lobby. There aren’t any merits! The Ohio referendum process is meant to be used for citizens to overturn legislation with which they disagree. However, it’s not the average joe that’s trying to overturn the law, it’s the national payday lobby out to protect its its ability to make profits off the backs of poor and working class Ohioans. Let’s hope Ohio’s voters are keenly aware of the lengths to which the industry will deceive them to make a profit.

]]> By: admin http://paydayloanindustryblog.com/ohio-payday-loan-laws-update/#comment-26 admin Mon, 14 Jul 2008 21:46:11 +0000 http://paydayloanindustryblog.com/?p=15#comment-26 How about a little freedom of choice! Ohio Attorney General Nancy Hardin Rogers on Thursday approved language proposed for use in a petition drive by payday lenders seeking to repeal a statewide crackdown on the industry. "She said her task under Ohio law was to rule on the truthfulness and fairness of the proposed summary and not comment on the merit of the proposed referendum". How about a little freedom of choice!

Ohio Attorney General Nancy Hardin Rogers on Thursday approved language proposed for use in a petition drive by payday lenders seeking to repeal a statewide crackdown on the industry.

“She said her task under Ohio law was to rule on the truthfulness and fairness of the proposed summary and not comment on the merit of the proposed referendum”.

]]> By: John http://paydayloanindustryblog.com/ohio-payday-loan-laws-update/#comment-25 John Mon, 14 Jul 2008 20:02:28 +0000 http://paydayloanindustryblog.com/?p=15#comment-25 The Attorney General rejected the first two petition summaries as unfair and not truthful (the national payday lobby was lying) and said the third would be very difficult for the average voter to understand. It's too bad that the national lobby has to stoop to these tactics in order to get a referendum on November's ballot. Why doesn't the summary mention that interest rates will remain at 391% if House Bill 545 is overturned? THAT would be being fair and truthful. How about a little freedom from exploitation? The Attorney General rejected the first two petition summaries as unfair and not truthful (the national payday lobby was lying) and said the third would be very difficult for the average voter to understand. It’s too bad that the national lobby has to stoop to these tactics in order to get a referendum on November’s ballot. Why doesn’t the summary mention that interest rates will remain at 391% if House Bill 545 is overturned? THAT would be being fair and truthful. How about a little freedom from exploitation?

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