Until 2008, a cash-strapped client in Ohio searching for a fast, two-week loan from the payday lender will dsicover themselves having to pay a hefty charge. These unsecured short-term loans—often guaranteed by having a check that is post-dated seldom surpassing $500 at a go—carried yearly portion prices (APR) all the way to nearly 400%, a lot more than ten times the standard limitation allowed by usury laws and regulations. Then, 11 years back,.. Read More