In June 2008, customer advocates celebrated whenever former Governor Strickland finalized the Short- Term Loan Act. The Act capped annual rates of interest on pay day loans at 28%. it given to some other defenses from the usage of payday loans. Customers had another success in November 2008. Ohio voters upheld this brand new legislation by a landslide vote. But, these victories were short-lived. The cash advance industry quickly developed methods for getting round the brand new legislation and will continue to run in a predatory way.