Payday Loan Petitions Doubted

Tuesday, August 12, 2008
Topics: Economy, Politics
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Ohio's payday loan stores are working to overturn a new law that limits the interest rate they can charge for short-term loans. Store owners are paying for a petition drive. They want to collect enough signatures to force a statewide vote on the new limits in November, hoping that voters will reject the law. Some petition circulators, though, are using a misleading sales pitch to convince people on the street to sign their names. Ohio Public Radio's Bill Cohen has the story.