Media Coverage
Featured Articles:
New Laws, Lenders Boost Access to Affordable Small Loans
Source: Nerd Wallet
New laws have made payday loans safer in some states, and more banks are entering the small-dollar market.
Payday Loans Cost 4 Times More in States With Few Consumer Protections
Source: PEW Trusts
States that have enacted reforms preserved widespread access to credit
Ohio's payday loan law makes borrowing safer and protects consumers from greedy lenders
Source: Columbus Dispatch
A little more than three years following the passage of bipartisan payday loan reform, the Ohio Fairness in Lending Ac (2018), Ohio consumers have widespread access to safer, more affordable small-dollar loans, according to a recent Ohio Department of Commerce report.
Payday lending reform is working in Ohio: Michal Marcus
Source: Cleveland.com
BEACHWOOD, Ohio -- For years, the agency I lead -- the Hebrew Free Loan Association (HFLA) of Northeast Ohio, whose mission is to promote the economic self-sufficiency and growth of Northeast Ohioans who are unable to access safe and fair lending resources -- worked with hundreds of consumers stuck in a desperate cycle of trying to pay off outrageously expensive payday loans.