Omaha Together One Community. A coalition of nonprofits over the state have teamed up to place this problem in the ballot.

Democracy Is Not Just A Spectator Sport

Payday Lending Ballot Initiative

OTOC’s Payday Lending Action Team has been doing work for years to fight inhumane interest levels on delayed deposit loans. In 2020 we have been taking part in a state ballot that is wide to place paid down rates of interest into legislation.

2020 Ballot Initiative

this calls for getting 85,000 signatures of authorized voters before July 3, 2020. Within these 85,000 signatures, 36 counties need 5% o their registered voters to signal. Then, in the event that problem qualifies, it’ll be regarding the 2020 ballot for Nebraskans to vote on november.

Amend Nebraska statutes to lessen the total amount that delayed deposit solutions licensees, also referred to as payday loan providers, may charge up to a maximum annual percentage rate of thirty-six %; to prohibit payday lenders from evading this price limit; also to deem void and uncollectable any deal built in breach with this price cap.

If this Petition is put regarding the 2020 ballot and passed away by Nebraska voters, parts 45-918 and 45-919 associated with Delayed Deposit Services Licensing Act statutes will be amended to reflex the item of the Petition.

Key Dates:

Payday Lending Coalition Member List

AARP of Nebraska, ACLU of Nebraska, Habitat for Humanity of Omaha, Nebraska Appleseed, Nebraska Civic Engagement dining Table, Omaha Together One Community (OTOC), Planned Parenthood associated with the Heartland, Voices for kids in Nebraska, Women’s Fund of Omaha

Find out more about the Nebraskans for Responsible Lending campaign here

Management Richard Blocker and Rod Kuhlmann lead a presentation at Augustana Lutheran Church

So What Can I Actually Do?

  • Go to next OTOC Payday Lending Reform Action Team conference
    • Tuesday March 3, 7- 8 pm, First United Methodist Church, 7020 Cass St.
  • Speak to an OTOC frontrunner to find out more
    • Call us at to schedule a meeting that is individual
  • Host an info session at you congregation/organization about why we are experiencing this ballot effort to reform Payday Lending in Nebraska.
    • Contact Kevin Graham at to set up a presentation
  • Walk in town to assemble signatures
    • Contact Greta Carlson at to learn howto obtain a stroll list for your block
  • Gather signatures in your congregation/organization
    • e-mail Richard Blocker at to have trained on gathering signatures. Petitions available in the OTOC workplace. Call 402-344-4401

Leaders at a petition training to get signatures

Volunteer events:

Volunteer Action Day- Feb 23

Whom: Volunteers – Come one, come all

What: of Acton — Gather Petition Signatures in support of Capping Payday Lenders to 36% APR! day

When: 23 February 2020 Two changes: 10:00am-1:00pm or 2:00pm -5:00pm or better yet, both!

Where: Lincoln and Omaha

Check always is quickly for any other particular activities where you are able to assist!

It is possible to subscribe to the campaign’s volunteer list here


What exactly is Payday Lending?

Here’s a typical example of how it functions:

Mary earns $15.00/hour assisting in our general public schools. She’s got two school that is elementary. She’s gross pay of $1,200 every fourteen days ($31,200/yr). Her collect pay is $950 every a couple of weeks. Right after paying rent/utilities & car repayment, her income that is disposable is300 every fourteen days.

Mary requires her vehicle to get to work now has to have it fixed costing $650. She just has $350 in cost cost savings, so she would go to a Payday Lender when it comes to other $300.

2/1 Mary writes a check to your Payday Lender for $353 and receives $300. The Payday Lender will maybe not cash her check but will hold it until she takes care of the loan.

2/15 Mary gets compensated at your workplace, but cannot manage to payoff the mortgage of $300 from that check so she simply will pay a $53 charge and hopes to pay for it off next payday.

2/28 It’s payday for Mary, but once again she cannot manage to payoff the mortgage

This period continues for Mary the following 7 paydays together with her paying a $53 charge every time.

6/30 Mary works hours that are extra summer time college and it is now in a position to payoff the mortgage.

What exactly has Mary compensated in charges with this loan:

$53 the day she got the loan + $53 on 2/1 + $53 on 2/15 + $53 on 7 more paydays

It cost Mary $530 in costs ($53 cost x 10) with this $300 loan to fix her automobile.

$300 loan + $530 in costs for a complete of $830 during the period of about 5 months.

This results in a yearly accumulated interest price of approximately 400% based on the length of time a borrow is trapped when you look at the cycle. There are no alternatives for a repayment intend to help spend the principle off slim. Simply reoccurring charges unless you have the ability to repay the complete quantity.

Omaha Together One Community. A coalition of nonprofits over the state have teamed up to place this problem in the ballot.

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