Payday Loan Limitations May Cut Punishment but Keep Some Borrowers Lookin

Payday Loan Limitations May Cut Punishment but Keep Some Borrowers Lookin

CANTON, Ohio — This town of 73,000 is renowned for some things — the Pro soccer hallway of popularity, the presidential collection of William McKinley, a downtown that is lively scene.

However in banking groups, this has gained a far more distinct reputation: Canton was really a nexus of this payday financing markets, for which those who have difficulty creating ends satisfy in one paycheck towards the next sign up for high-interest loans from specialty loan providers. (more…)

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