CANTON, Ohio — This town of 73,000 is well known for some things — the Pro Football Hall of Fame, the presidential collection of William McKinley, a downtown that is lively scene.

However in banking sectors, this has gained a far more reputation that is distinct Canton is a nexus of this payday financing industry, by which those that have difficulty making ends satisfy in one paycheck towards the next remove high-interest loans from specialty loan providers.

On 30th Street, a half-dozen payday lending outlets surround a popular shopping mall, and also at lunchtime they draw a reliable audience of clients. Continue reading →