Payday Loan Limits May Cut Abuse but Leave Some Borrowers Searching

Payday Loan Limits May Cut Abuse but Leave Some Borrowers Searching

CANTON, Ohio — This town of 73,000 is well known for some things — the Pro Football Hall of Fame, the presidential collection of William McKinley, a lively downtown arts scene.

However in banking groups, this has gained a far more reputation that is distinct Canton is really a nexus of this payday financing industry, for which those that have difficulty making ends satisfy from 1 paycheck towards the next sign up for high-interest loans from specialty loan providers. Read more