U.S. Sen. J.D. Vance criticizes federal fair lending guidance for noncitizens

BY: - November 8, 2023

Whether it’s a home, a car, or starting a business, most big purchases rely on borrowing. But federal regulators contend noncitizens often have a difficult time getting credit, even when they’re otherwise qualified. Recent guidance from The Consumer Financial Protection Bureau and the Department of Justice warns lenders that over-reliance on immigration status in lending […]

A crackdown didn’t stop this payday lender from cashing in on poor Ohioans

BY: - September 12, 2022

A Canton man borrowed $300 just as businesses began to close in the pandemic. He said he paid $780 on the loan with another $300 due. A Miamisburg woman said she has paid back $1,400 on a $1,000 loan and still owes more than $700. A Patsakala man said he paid off his $300 loan […]

Judge says lender created a ‘legal fiction’ to skirt payday loan reforms

BY: - September 1, 2022

A Franklin County municipal court judge last week rebuffed a “legal fiction” she said was concocted to evade Ohio’s new payday lending law and ruled against a company seeking to collect the debt. Judge Jodi Thomas, in what she indicated is one of the first major decisions under Ohio’s 2018 payday lending reform, ruled that […]