Events Calendar
In This Section
Most Read Stories
Lakemore police say man killed his wife in standoff
Suspect in Lakemore standoff expected to recover
Police raid Akron gaming parlor
Storm could bring heavy snow tonight, Saturday; Parking bans in effect
Palin says she's been exploited by Couric and Fey
Suspected meth lab busted in Cuyahoga Falls
Browns' Mangini brings experience
Skeptics urging check of home program
Blogs:
Akron Law Café:
College Football is Un-American
The Heldenfiles:
Cheryl Holdridge, R.I.P.
Tribe Matters:
Shapiro puts Indians in position to win
Patrick McManamon:
ESPN clears up a key to tonight's game
Browns Bulletin:
Browns may interview ex-Broncos GM
Cleveland Browns:
Mangini takes command
Cleveland Cavaliers:
Gameblog: Cavs vs. Celtics
CavsHQ: A Fan's View:
The Countdown Begins - Cavs v. Celtics
Akron Zips:
Five things you should know about Miami
Varsity Letters:
Ignatius’ Kyle has busy offseason
Kent State Sports:
Volleyball players earn All-Academic honors
Car Chase:
January is auction time
See Jane Style:
Chicago Chic?
All Da King's Men:
Obama's Economic News Conference
Blog of Mass Destruction:
Why Israeli Leaders Terrorize Palestinians
HRLite House:
The Psychology Channel, Interesting Videos, Jobs in I-O, and Happy Birthday Elvis
Akron Gamer:
Games in '09: Resident Evil 5
Ohio Travels with Betty:
Does Ohio have an Andy Warhol Museum?
Sound Check:
Axl Rose speaks on Guns & Rose(s)
Let's Talk Real Estate:
Mortgage Forgiveness Debt Relief Act of 2007 Extended
Jennifer Brunner helps payday lenders get their way
Published on Sunday, Aug 17, 2008
Then, there was her decision-making at the Ohio Ballot Board regarding Issue 5, the bid by payday lenders to reverse helpful changes approved by state lawmakers to restrict the industry.
Brunner fumbled the ballot language by siding against clarity, the language making no reference to the centerpiece of the legislative debate: the 391 percent annualized interest rate that infuriated so many lawmakers. The ballot issue does cite the payday practice ''resulting in a total charge for a loan that substantially exceeds an equivalent APR of 28 percent'' (the limit set by the legislature). The ''substantially'' hardly captures the whopping 391 percent.
When Nancy Rogers, the interim attorney general, first rejected the proposed language of payday lenders, she noted the absence of any reference to 391 percent. She wouldn't tolerate deception. Yet that is the end result, Jennifer Brunner delivering an assist.
Get the full article here.

