Ohio Neighborhood Fin., Inc. v. Scott (Slip Opinion)

{¶ 1} This appeal concerns the continued viability of payday lending in Ohio and raises questions regarding how payday loans fit within Ohio’s current statutory lending framework.

*537 Introduction

{¶2} Payday loans are typically small, unsecured, short-term loans, often repayable on the borrower’s next payday. Ohio Legislative Service Commission, Payday Lending in Ohio, Members Only Brief, Vol. 130, Issue 1 (Jan. 23, 2013), at 1, http://www.lsc.state.oh.us/membersonly/130paydaylending.pdf (accessed June 3, 2014) (“Payday Lending"). The borrower generally writes the lender a check for the full loan…