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Issue 5 (Payday lending)

UAPA issue endorsements

Here's a summary of UAPA's position on ballot issues 1, 2, 5 and 6:

  • Issue 1: Vote YES.
  • Issue 2: Vote YES.
  • Issue 5: Vote YES.
  • Issue 6: Vote NO.

ProgressOhio has conveniently deciphered the ballot issues and summarized them in a one page document. And here's a sample ballot of endorsed Democratic candidates to print and take with you to the polls.

UAPA's positions on the ballot issues align closely with those of the editors from Ohio's largest daily newspapers:

Newspaper or blog Ohio Issue 1 Ohio Issue 2 Ohio Issue 3 Ohio Issue 5/Payday loans Ohio Issue 6/Casino
Akron Beacon Journal - - - Yes No
Cincinnati Enquirer Yes Yes Yes Yes No
Cleveland Plain Dealer Yes Yes - Yes No
Columbus Dispatch Yes Yes Yes Yes No
The Courier - Findlay Yes Yes - - No
Canton Repository Yes Yes Yes Yes No
Dayton Daily News Yes Yes - Yes No
Mansfield NewsJournal Yes Yes Yes Yes  
Newark Advocate - - - No -
Toledo Blade Yes Yes No Yes No
Youngstown Vindicator - Yes - Yes No
Zanesville Times Recorder Yes Yes Yes Yes No

 

And here's the our rationale for our positions:

Is 391% interest rate too high? Vote YES on Issue 5

The ad below is currently running on television.

Remember, the payday industry is spending over $15 million, so anything you can do to helps us spread the VOTE YES ON ISSUE 5 message counts!

Forward this video on to your friends, family and colleagues and remember to Vote Yes On Issue 5!

Watch the ad now:

UAPA says: Vote Yes on Issue 5!

Ask yourself one question, "Is 391 percent interest too high?" Yes!

Now you know how to vote on Issue 5, Ohio's payday loan referendum that gready lenders are trying to get on the Nov. 4 ballot.

Upper Arlington Progressive Action first brought this to your attention several months ago when we learned about the effort to reform payday lending. We applauded the passage of House Bill 545, which reduced the annual percentage of interest that can be charged down to 28 percent.

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