Strickland signs payday loans bill

Columbus, OH – In 90 days, payday loans will be illegal in Ohio. That's because Governor Ted Strickland has signed into law a plan banning the 2-week loans that carry a 15 dollar fee for each one hundred dollars borrowed. Pressured by consumer advocates, legislators okayed the ban with bi-partisan support, but it's unclear what the ramifications of the ban will be. Statehouse correspondent Bill Cohen files this report.