200 shops will run under Ohio’s stricter payday lending legislation Friday Payday lending as Ohio has known it really is over — but lending that is short-term perhaps maybe not going away. A law that is new impact Saturday with stricter limitations on interest and charges, plus installment payment needs, all made to avoid getting desperate borrowers stuck in a financial obligation trap. Whenever finalized by then-Gov. John Kasich on July 30, the industry that is payday it might put them away from companies, leaving those without conventional banking options nowhere to make for crisis credit. Ohio absolutely may have less shops providing loans that are payday and none is…

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