Ohio Law Offers Balanced Model for Payday Loan Reform

This year, Ohio lawmakers passed the Fairness in Lending Act, a landmark payday loan reform measure that makes small loans safer for consumers while maintaining widespread access to credit. In November, The Pew Charitable Trusts presented a briefing with Ohio legislators from both sides of the aisle, business leaders, advocates, and researchers where attendees discussed the policy and shared lessons learned. As other states grapple with how to appropriately govern the marketplace for small loans, Ohio’s approach holds promise for the 12 million Americans across the country who use payday loans each year. The half-day event also included a lunch and happy hour. Among the key topics: 

• Ohio policymakers discussed how they designed strong safeguards that balance the interests of borrowers and lenders.
• Stakeholders from Ohioans for Payday Loan Reform reflected on successful coalition and campaign efforts.
• Strategists and researchers shared strategies to advance meaningful reform in other states with payday loans.

When: Monday, Nov. 12, 2018, noon-5 p.m. EST.

Where: The Pew Charitable Trusts, 901 E St. NW, Washington, DC 20004.

What: A briefing with Ohio lawmakers and other payday reform stakeholders. With limited seating at the event, panels and remarks were webcast and recorded for viewers across the country.

On-Site Registration | Webcast Registration

This public event was hosted by The Pew Charitable Trusts, a registered lobbyist in Ohio. Pew makes every effort to comply with federal, state, and local government ethics rules, including when hosting events. Please make sure that your participation is consistent with applicable ethics rules.

Agenda