James Frauenberg II, President of the Ohio Association of Financial Service Centers and a senior exec at Checksmart, had this to say in today’s online version of the Cleveland Plain Dealer:
“The payday lending industry isn’t perfect. Not all stores conform to the tough rules imposed on CFSA members. And sometimes, payday loans are not the right choice for a customer. But denying Ohioans the option of a well-regulated industry with transparent fees, payment options, and tough consumer protections is not the solution….”
You can read the full piece here.
Filed under: Industry, Media, Regulation
