Ohio Public Radio
7:22 am
Thu May 1, 2008

House approves cap on payday loans

Columbus, OH – Consumers advocates are cheering, and owners of payday loan stores are jeering, now that the Ohio House of Representatives has passed a bill, slapping tough new limits on controversial short-term loans. The floor debate focused not only on the loans....but also on a different topic -- gambling. Statehouse correspondent Bill Cohen reports.