COLUMBUS, Ohio (AP) -- Ohio Attorney General Nancy Hardin Rogers has refused to approve petition language proposed by payday lenders seeking to overturn a law that tightens industry regulations.
Rogers noted that the summary of the proposal that lenders want to put in front of potential petition signers does not include the law's most important aspect of capping annual interest rates at 28 percent.
The industry will have to get Rogers' approval of new language before attempting to gather the 241,366 signatures necessary to place the effort on the November ballot.
Source: http://biz.yahoo.com/ap/080620/oh_payday_loans_ballot.html?.v=1







