loan
Dayton-based payday lender continues to bury customers in debt
Dozens of consumer complaints and a recent court ruling show how a Dayton-based payday lender continues to bury low-income customers in debt through predatory loans. The complaints detail customers who borrowed a few hundred dollars for short periods from NCP Finance, only to wind up owing thousands to pay them off. They range in time […]
A crackdown didn’t stop this payday lender from cashing in on poor Ohioans
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
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 […]
House Republicans propose free loans, tax breaks for new gas pipelines
Two state House Republicans proposed legislation to give some natural gas pipeline developers state-funded tax breaks and interest-free loans, while allowing them to add a surcharge to ratepayers’ monthly bills. Reps. Jay Edwards, of Nelsonville, and Jon Cross, of Kenton, proposed House Bill 685 to aid communities that they say lose out on economic gains […]
Ohio Democratic Party received at least $150,000 through PPP loan
The Ohio Democratic Party received a forgivable loan of between $150,000 and $350,000 from the federal government under a program designed to help small business keep their employees on the payroll. Paycheck Protection Program data released by the federal government on Monday shows the party was approved for the loan April 30. Unlike with most […]