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Ohio Lawmakers Target Payday Lenders Lawmakers in Ohio are attempting to crack down on what are known as payday lenders — dealers who charge short-term borrowers in need of quick cash extraordinarily high interest rates. But lenders say the effort could put them out of business.

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Ohio Lawmakers Target Payday Lenders

Heard on Morning Edition

By 

Bill Cohen

Ohio Lawmakers Target Payday Lenders

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Lawmakers in Ohio are attempting to crack down on what are known as payday lenders — dealers who charge short-term borrowers in need of quick cash extraordinarily high interest rates. But lenders say the effort could put them out of business.

Bill Cohen reports from Ohio Public Radio.