Ohio a National Model for Payday Loan Reform

New policies support borrower protections, lender profitability, and credit availability

Policymakers in states that allow payday lending should follow Ohio’s breakthrough approach to save their constituents tens of millions of dollars a year and maintain access to credit.


  1. Colorado Office of the Attorney General, “2016 Deferred Deposit/Payday Lenders Annual Report” (2017), https://coag.gov/sites/default/files/contentuploads/cp/ConsumerCreditUnit/UCCC/AnnualReportComposites/2016_ddl_composite.pdf.
  2. The Pew Charitable Trusts, “How State Rate Limits Affect Payday Loan Prices” (2014), https://www.pewtrusts.org/en/research-andanalysis/fact-sheets/2014/04/10/how-state-rate-limits-affect-payday-loan-prices.
  3. The Pew Charitable Trusts, “Payday Lending in America: Policy Solutions” (2013), https://www.pewtrusts.org/en/research-and-analysis/reports/2013/10/29/payday-lending-in-america-policy-solutions.
  4. WPA Intelligence, “Ohio Statewide Survey Results on Payday Lending” (2017), http://wpaintel.com/ohio-statewide-survey-resultspayday-lending.
  5. Ohio Fairness in Lending Act (H.B. 123), https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA132-hb-123.
  6. The Pew Charitable Trusts, “How State Rate Limits Affect Payday Loan Prices.”

States of Innovation

How Ohio Solved Payday Loan Reform