Tony Huang, CEO of viable Finance, showing the application that customers use — come Saturday, as soon as the business starts running in Ohio — to have and repay short-term loans.
COLUMBUS, Ohio – A unique short-term loan legislation that gets into impact Saturday is targeted at closing the rounds of financial obligation Ohioans will get into whenever a tiny loan snowballs with costs and interest and becomes impractical to repay.
Ten organizations – some on the internet and some with hundreds of brick-and-mortar stores – are registered with all the state to comply with the provisions of home Bill 123, such as cost and interest caps.