Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

Payday loan providers say ex-Ohio House Speaker Cliff Rosenberger threatened them, delayed bill

A faction of cash advance companies say previous home Speaker Cliff Rosenberger had been in charge of delaying a bill that will control the industry.

COLUMBUS, Ohio — Former Ohio House Speaker Cliff Rosenberger used strong-arm strategies to tank a bill to regulate the pay day loan industry, including threatening loan providers that were wanting to work with a compromise with reform advocates, relating to two cash advance CEOs and their lobbyists.

The Ohio customer Lenders Association, a combined group of payday loan providers, claims Rosenberger stopped their efforts for a compromise on House Bill 123 so he will keep claims to many other financing businesses that objected to virtually any changes in what the law states. The bill had been introduced in March 2017 but languished in a property committee for over a 12 months before advancing without having a change that is single.

“He had been telling people and editorial panels he would avoid any reform from using put on their watch,” relationship members Ted Saunders and Cheney Pruett published in a might 15 letter to Rep. Niraj Antani, which cleveland.com which he preferred reform while telling specific lobbyists and their clients obtained through a records that are public.

Relationship lobbyists Neil Clark and Jeff Jacobson corroborated the activities outlined into the page in interviews.

Rosenberger, a Clarksville Republican, resigned in April amid reports the FBI had been asking questions regarding a vacation he took to London in August, where he was followed by lobbyists when it comes to short-term lending industry. Read more