Customer advocates celebrated whenever previous Governor Strickland finalized the Short- Term Loan Act. The Act capped interest that is annual on pay day loans at 28%. Moreover it given to some other defenses in the use of pay day loans. Customers had another success . Ohio voters upheld this brand new law by a landslide vote. But, these victories had been short-lived. The pay day loan industry quickly developed techniques for getting round the brand brand new legislation and continues to run in a way that is predatory. Today, four years following the Short-Term Loan Act passed, payday loan providers continue steadily to steer clear of the legislation.