27-12-2016 12:27 via dispatch.com

Legislators from both parties plan new effort to curb payday-loan industry

State legislators on both sides of the aisle intend to take another crack at tackling Ohio's payday-loan industry. Rep. Marlene Anielski, R-Walton Hills, is working on legislation she plans to introduce early next year to ban the short-term, high-cost loans that cost borrowers millions in interest and trap many in a cycle of debt in which they repeatedly need new loans to pay off old ones.
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