Catholic Conference of Ohio
Sunday, June 17, 2018

Issues - Catholic Conference of Ohio

Payday Lending

Payday Lending Reform Passes Ohio House

Advocacy Moves to the Senate

 

 HB 123 will help protect borrowers from excessive payday lending fees while allowing lenders to maintain reasonable cost-of-business fees.  The Catholic Conference of Ohio supports passage.

Under the bill:

• Payday lenders would be prevented from operating as credit service organizations or mortgage lenders or under Ohio’s Small Loan Act. 

• A limit on the annual interest rate would be set at 28 percent, plus allowing a monthly 5 percent fee up to $20.

• Monthly payments would be limited to 5 percent of a borrower’s gross monthly income.

 

Action Alert on Payday Lending Legislation

Catholic Conference of Ohio encourages support for HB 123

The Catholic Conference of Ohio supports continued reform of Ohio’s payday lending practices. House Bill 123 provides consumer protections consistent with the intent of Ohio’s 2008 Payday Reform Act. HB 123 will help protect borrowers from excessive payday lending fees while allowing lenders to maintain reasonable cost-of-business fees. Please contact your state Representative and encourage a YES vote.

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Prayer for an End to Human Trafficking

Oh God, we didn't see them.

But you did-

The hundreds and thousands of human beings trafficked each year to join the millions who are trapped in modern-day slavery.

Under terrible conditions, they work in factories, plow fields, harvest crops, work quarries, fill brothels, clean homes, and haul water.

Many are children with tiny fingers for weaving rugs and small shoulders for bearing rifles.

Their labor is forced, their bodies beaten, their faces hidden from those who don't really want to see them.

But you see them all, God of the poor.

You hear their cry and you answer by opening our eyes, and breaking our hearts and loosening our tongues to insist:

No mas. No more.

Amen