Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

A faction of cash advance businesses say previous House Speaker Cliff Rosenberger ended up being in charge of delaying a bill that could control the industry. (Jackie Borchardt, cleveland.com)

COLUMBUS, Ohio — Former Ohio home Speaker Cliff Rosenberger utilized strong-arm tactics to tank a bill to manage the cash advance industry, including threatening loan providers that had been attempting to focus on a compromise with reform advocates, in accordance with two cash advance CEOs and their lobbyists.

The Ohio customer Lenders Association, a combined band of payday loan providers, claims Rosenberger stopped their efforts for a compromise on home Bill 123 so he could well keep claims to many other financing organizations that objected to virtually any alterations in what the law states. „Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill“ weiterlesen

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