CANTON, Ohio — This town of 73,000 is renowned for some things — the Pro Football Hall of Fame, the presidential collection of William McKinley, a lively downtown arts scene.
However in banking sectors, this has gained an even more distinct reputation: Canton is a nexus of this payday financing industry, for which individuals who have difficulty making ends fulfill from a single paycheck towards the next sign up for high-interest loans from specialty loan providers.
A half-dozen payday lending outlets surround a popular shopping center, and at lunchtime they draw a steady crowd of customers on 30th Street. Читать новость полностью…