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Payday lenders say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

Payday lenders say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

A faction of pay day loan businesses say former home Speaker Cliff Rosenberger ended up being in charge of delaying a bill that will control the industry. (Jackie Borchardt, cleveland.com)

COLUMBUS, Ohio — Former Ohio home Speaker Cliff Rosenberger used strong-arm techniques to tank a bill to manage the cash advance industry, including threatening creditors that had been wanting to focus on a compromise with reform advocates, in accordance with two cash advance CEOs and their lobbyists.

The Ohio Consumer Lenders Association, band of payday loan providers, says Rosenberger stopped their efforts for a compromise on House Bill 123 so he could well keep claims with other financing businesses that objected to virtually any alterations in regulations. Leggi tutto ›