Los Angeles, CA -- ( SBWIRE ) -- 11/03/2011 -- CashAdvance.com, a leader in the payday loan industry since 1997, launches its Ohio Laws & Regulations Resource. Ohio residents, confused by the many reforms to Ohio law, have clamored for easy access to the most up-to-date payday loan information. CashAdvance.com took up the challenge and has delivered a comprehensive, easy-to-read resource that puts vital information at the fingertips of Ohio consumers. “CashAdvance.com strives continually to ensure consumer protection by providing the knowledge necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages are a wealth of information arming consumers with the resources with which they can actively preserve their rights, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.” Access to the Laws and Regulations resource is as simple as clicking the link on the Ohio Consumer Resource page at CashAdvance.com. Once there, consumers can see at a glance the maximum loan amount, the repayment time period, interest rates, cooling-off periods and more. In addition, Ohio consumers can access the consumer protection information and cash advance alternatives. The Ohio Laws and Regulations page , in keeping with CashAdvance.com’s commitment to excellence, is updated continually as laws, policies, and regulations shift to meet the needs of borrowers. Ohio cash advance consumers who familiarize themselves with the laws and regulations governing payday loans, the actual loan process, and the consumer protections afforded to them are in the best position to make sound and informed decisions about their financial life. Even consumers who have had payday loans in the past will reap benefits by visiting the Ohio Laws and Regulations page. Many are surprised at what they didn’t know or weren’t aware of. According to leading CashAdvance.com financial news expert Adam Hilliard, “Our Ohio Laws and Regulations page will dispel any misconceptions or uncertainty surrounding the cash advance process in Ohio, equip you with practical advice for averting financial crisis, answer your myriad loan questions, and ultimately guide you on the road to taking control of your financial future.
In Ohio, where voters enacted a payday loan interest rate cap of 28 percent, Fifth Third Bank's "Early Access Loan" has a 520 percent annual percentage rate for loans taken a week before payday. Banks have also made payday advances a lot more
Day was referring to legislation passed by Congress in 2006, capping interest rates on payday loans made to US military members and their families at 36 percent. Two years later, the Ohio legislature capped interest rates on all payday loans at 28

His legislation would increase maximum loan amounts from $300 to $500. Borrowers could then write a check for $500 and, after paying a $75 fee, receive a $425 advance. Consumer advocates say increasing the loan amounts will further harm the working
Ohio cash advance consumers who familiarize themselves with the laws and regulations governing payday loans, the actual loan process, and the consumer protections afforded to them are in the best position to make sound and informed decisions about
Here is a snapshot of Advance America's historical count by state (excludes limited licensees in the UK): Because of Advance America's longstanding experience in the regulated payday loan industry, the company has become much more experienced in its
Los Angeles, CA -- ( SBWIRE ) -- 11/03/2011 -- CashAdvance.com, a leader in the payday loan industry since 1997, launches its Ohio Laws & Regulations Resource. Ohio residents, confused by the many reforms to Ohio law, have clamored for easy access to the most up-to-date payday loan information. CashAdvance.com took up the challenge and has delivered a comprehensive, easy-to-read resource that puts vital information at the fingertips of Ohio consumers. “CashAdvance.com strives continually to ensure consumer protection by providing the knowledge necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages are a wealth of information arming consumers with the resources with which they can actively preserve their rights, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.” Access to the Laws and Regulations resource is as simple as clicking the link on the Ohio Consumer Resource page at CashAdvance.com. Once there, consumers can see at a glance the maximum loan amount, the repayment time period, interest rates, cooling-off periods and more. In addition, Ohio consumers can access the consumer protection information and cash advance alternatives. The Ohio Laws and Regulations page , in keeping with CashAdvance.com’s commitment to excellence, is updated continually as laws, policies, and regulations shift to meet the needs of borrowers. Ohio cash advance consumers who familiarize themselves with the laws and regulations governing payday loans, the actual loan process, and the consumer protections afforded to them are in the best position to make sound and informed decisions about their financial life. Even consumers who have had payday loans in the past will reap benefits by visiting the Ohio Laws and Regulations page. Many are surprised at what they didn’t know or weren’t aware of. According to leading CashAdvance.com financial news expert Adam Hilliard, “Our Ohio Laws and Regulations page will dispel any misconceptions or uncertainty surrounding the cash advance process in Ohio, equip you with practical advice for averting financial crisis, answer your myriad loan questions, and ultimately guide you on the road to taking control of your financial future.