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August 12, 2008

Latest in Ohio payday fight--"farmer" needs a payday loan

heehawsm.jpg If you're an Ohio farmer and can't wait until the crops are in to get paid, not to worry. The Ohio payday lending industry wants to help you with a short-term high-cost payday loan, but only if a planned referendum repeals the new Ohio law strictly regulating payday loans. They're running a TV and Internet ad featuring a rare, salaried, "farmer" urging you to sign a petition to put the repeal on the ballot. Their main message is that the predatory industry creates jobs, as the "farmer" points out while talking in dialect out of the old Hee-Haw TV show: "They’re riskin' six thousand good payin' Ohio jobs by passin' laws that would shut um down." Previous blog. Expect the industry to spend millions, since they make many millions.

Posted by Ed Mierzwinski at August 12, 2008 11:45 AM


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