The republican controlled Ohio legislature deserves credit for joining with Governor Ted Strickland to cap payday lending interest rates at 28% APR. Payday loans are not a viable credit option, but instead a drain on our economy and our communities. Payday loans do not provide a net tangible benefit to 99% of the industry's consumers and typically put borrower's in a multi-month debt cycle. I congratulate the Ohio legislature on finally doing the right thing and protecting consumers from predatory business practices.