Payday lenders may be exiting the Ohio Market
It looks like payday lenders may be exiting the Ohio Market when new regulations for the state’s payday industry begin affect. According to Business First, BizCorp is making preparations for exiting the Ohio market. Some companies with shops in the state, including Columbus-based Heartland Cash Advance, have taken the first steps to shutting down with the regulations likely a few months away. Others, such as Dublin-based CheckSmart Financial Co., have indicated they’re reevaluating their business plans. So where are people in need of an emergency advance to go? Time will tell.