CFSA Newsroom
Press Release
Media Contacts:
Steven Schlein 202-296-0263
Lyndsey Medsker
Payday Advance Industry to Put the Question to the Voters
In wake of new Ohio law, payday lenders prepare a referendum to bring financial choice back to Ohio
Columbus, OH – Consumers should decide whether to have access to payday advance services said the Community Financial Services Association of America (CFSA) as it announced a referendum to overturn the recently passed law effectively banning payday advances in Ohio.
“During the debate in the state legislature, consumers were left out of the equation,” said D. Lynn DeVault, President of CFSA. “We intend to give consumers a voice in the Democratic process.”
A recent Zogby International survey found 84% of likely voters in Ohio believe citizens should be free to make their own decisions about what kind of credit they can use, and 70% said the government should not be in the business of telling adults they cannot get a payday loan.
