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.”

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Data-driven policymaking is not just a tool for finding new solutions for emerging challenges, it makes government more effective and better able to serve the public interest. In the coming months, President Joe Biden and the 117th Congress will tackle a number of environmental, health, public safety, and fiscal and economic issues—nearly all of them complicated by the COVID-19 pandemic. To help solve specific, systemic problems in a nonpartisan fashion, Pew has compiled a series of briefings and recommendations based on our research, technical assistance, and advocacy work across America.

How Ohio Solved Payday Loan Reform