In Michigan
Third Attempt To Crackdown On Payday Lending
(2009-06-03)
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COLUMBUS, OH
(wosu) -
Some Ohio legislators are accusing payday lenders of skirting the spirit of a new state law, so they can continue to charge sky-high rates on short-term loans. The lenders insist they aren't doing anything illegal, but the lawmakers are still vowing to pass another crackdown. Statehouse correspondent Bill Cohen reports.
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