Payday Loan Limits May Cut Abuse but Leave Some Borrowers Searching

CANTON, Ohio — This city of 73,000 is renowned for car title loans online some things — the Pro Football Hall of Fame, the presidential collection of William McKinley, a lively downtown arts scene.

However in banking sectors, this has gained an even more reputation that is distinct Canton is a nexus of this payday financing industry, for which those that have difficulty making ends satisfy in one paycheck into the next remove high-interest loans from specialty lenders.

A half-dozen payday lending outlets surround a popular shopping center, and at lunchtime they draw a steady crowd of customers on 30th Street. Weiterlesen