Ohio Public Radio
12:47 am
Fri August 8, 2008

Top state officials unite to defend loan caps

Columbus, OH – Ohio's payday loan industry is trying to collect enough petition signatures to put onto the November ballot....newly-passed limits on short-term loans that state legislators okayed. The referendum would give voters a chance to wipe out the new law....but the payday loan stores are facing some powerful opposition --- the state's top government officials. Statehouse correspondent Bill Cohen files this report.