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    Payday Loan Limits May Cut Abuse but Keep Some Borrowers Searching

    Payday Loan Limits May Cut Abuse but Keep Some Borrowers Searching

    CANTON, Ohio — This town of 73,000 is famous for some things — the Pro Football Hall of Fame, the presidential collection of William McKinley, a downtown that is lively scene.

    However in banking groups, it offers gained a far more distinct reputation: Canton is a nexus of this payday financing industry, for which those that have difficulty making ends fulfill in one paycheck into the next sign up for high-interest loans from specialty loan providers.

    On 30th Street, a half-dozen payday lending outlets encircle a popular shopping mall, and also at lunchtime they draw a stable audience of clients.… Read More...