Testimony: Enforce payday-lender guidelines and let communities protect residents

Kalitha Williams testifies to obtain an answer before Cuyahoga Falls City Council that urges state policymakers to enforce payday funding laws also to repeal legislation preventing local communities from protecting residents.

Presented to Cuyahoga Falls City Council as it considers a resolution on payday lending

Good evening, Council President Mary Ellen Pyke along with other individuals in Cuyahoga Falls City Council. I’m Kalitha Williams and I also also provide for ages been the insurance coverage policy liaison for asset building at Policy problems Ohio, a nonprofit, nonpartisan company due to the goal of fabricating an even more vibrant, equitable, sustainable and comprehensive Ohio. Could work focuses on home security that is economic consumer security issues. We also convene Ohio MONEY, a coalition that is statewide of dedicated to boosting the monetary and economic conditions for low and moderate-income families and communities.

Today many thanks when it comes to possibility to testify in support of Resolution A-49 , which urges the Ohio Department of Commerce and the Ohio Attorney General to enforce the provisions of the Ohio Short-term Loan Act. The high quality also implies that the Ohio General Assembly repeal past legislation that stops communities that are regional protecting their residents through the financing industry this is certainly payday.

Since 2008, Policy problems Ohio has performed research on payday lending and advocated for stronger legislation of financial institutions. [Read more…]