Ohio Short-Term Lending Initiative. The measure could have capped rates of interest on short-term loans, including payday advances, to 28 per cent each year and limitation charges to $20 every month.

Articles The Ohio Short-Term Lending Initiative had not been in the ballot in Ohio as an initiated amendment that is constitutional November 5, 2019. The measure will have capped interest levels on short-term loans, including loans that are payday to 28 % per 12...