Editorials
"Voters need clarity on confusing ballot issues"
November 2, 2008 - The Cincinnati Enquirer
With voters focusing on the presidential race in Tuesday's election, many other important choices are lost in the shuffle. That's especially true with ballot issues, which can be confusing or complex. Three such issues affect voters in Cincinnati and Ohio statewide. Here's a look at what's really behind each, and where we stand.
http://news.cincinnati.com/article/20081102/EDIT01/811020383/1019/EDIT
"Yes on Issue 5 to curb the usurious ways of payday lenders"
November 2, 2008 - Akron Beacon Journal
Issue 5 is a referendum on a new state law, passed with strong bipartisan support, to curb the excessive practices of the payday lending business. That means a ''yes'' vote is a vote to support the law, which seeks to ratchet down the annual percentage rate for payday loans from a staggering 391 percent to 28 percent.
http://www.ohio.com/editorial/opinions/33710939.html
"Vote yes on Issue 5"
October 31, 2008 - Business First of Columbus
One of the most acrimonious policy fights in the state this year has been between the payday lending industry and consumer advocates and lawmakers. Now Ohioans will decide whether to repeal a portion of state law that limits the lending ability by payday shops.
http://columbus.bizjournals.com/columbus/stories/2008/11/03/editorial1.html
"Thomas Suddes commentary: Issue 5 would lend all Ohioans a hand"
November 2, 2008 - The Columbus Dispatch
On Tuesday, voting yes on Issue 5 -- Ohio's bipartisan payday-loan reform -- is yes to a 28 percent annual percentage rate cap. Voting yes on Issue 5 is a family-saving yes to Ohioans crushed by debt. And voting yes on Issue 5 is a loud no to the 391 percent APRs that obscenely profitable payday lenders had charged borrowers until legislators acted. That's why, at last report, payday lenders had spent at least $14.6 million to try to fool voters into repealing the 28 percent cap.
http://www.dispatchpolitics.com/live/content/editorials/stories/2008/11/02/sudd02.ART_ART_11-02-08_G5_35BOPE9.html?type=rss&cat=&sid=101&title=Thomas+Suddes+commentary%3A+Issue+5+would+lend+all+Ohioans+a+hand
"Keep it simple: Vote yes on Issue 5 to lower payday loan rates"
November 2, 2008 - The Cleveland Plain Dealer
They rarely want to share their names. They're too embarrassed. They didn't have enough money in their pockets. Then they took out a loan that at first glance seemed cheap - a $15 fee per hundred dollars borrowed -- and only afterward discovered the repayment trap.
http://blog.cleveland.com/business/2008/11/keep_it_simple_vote_yes_on_iss.html
"Ohioans mustn't fall for payday lenders' stealth campaign"
November 2, 2008 - The Cleveland Plain Dealer
On Tuesday, voting "yes" on Issue 5 - Ohio's bipartisan payday- loan reform - is "yes" to a 28 percent APR cap. Voting "yes" on Issue 5 is a family-saving "yes" to Ohioans crushed by debt.
http://www.cleveland.com/news/plaindealer/thomas_suddes/index.ssf?/base/other/1225528292214040.xml&coll=2
"Yes on 5, no on 6"
October 31, 2008 - Zanesville Times Recorder
Vote yes on Issue 5 and limit the loan sharks (who charge 500 percent plus interest) to 29 percent interest on payday loans.
http://zanesvilletimesrecorder.com/article/20081031/OPINION03/810310341/1014/OPINION
"Editorial: Vote Yes on State Issues 1,2,3 and 5"
October 28, 2008 - Mansfield News Journal
State Issue 5: Whether to uphold the state's new payday lending law.
http://www.mansfieldnewsjournal.com/article/20081028/OPINION02/810280308
"No on 6; Yes on 5"
October 23, 2008 - Toledo Blade
PROPONENTS and opponents of two state ballot issues have been trading accusations for weeks, leaving many voters in a quandary about what to believe and how to vote as they head to the polls on Nov. 4.
http://toledoblade.com/apps/pbcs.dll/article?AID=/20081023/OPINION02/810230314
"Issue 5 needed to protect Ohio borrowers"
October 21, 2008 - The Chillicothe Gazette
One of the most actively debated and publicized issues on the Nov. 4 ballot is Issue 5, the so-called "payday lending" issue.
http://www.chillicothegazette.com/article/20081021/OPINION01/810210308/1014/OPINION
"Yes on state Issue 5"
October 16, 2008 - The Canton Repository
State Issue 5 is different. It is not a constitutional amendment. It is a referendum on a portion of a state law that was passed by the Legislature and signed by the governor this summer.
http://www.cantonrep.com/index.php?ID=436350&Category=3&subCategoryID=
"Vote yes on issue 5"
October 15, 2008 - The Youngstown Vindicator
Tens of thousands of Ohioans have made payday lending a multi-million dollar industry. Dozens of storefront shops sprouted up in Mahoning and Trumbull counties in little more than a decade after Ohio legislators effectively eliminated the state's time-tested laws against usury.
http://www.vindy.com/news/2008/oct/15/vote-yes-on-issue-5/
"Now do your part on payday lending: Vote yes on Issue 5 - Sheryl Harris' Plain Dealing"
October 12, 2008 - The Plain Dealer
The vote on Issue 5 is about a lot more than payday lending. It's about whether Ohioans will stand up and vote "yes" for good government.
http://www.cleveland.com/business/plaindealer/sheryl_harris/index.ssf?/base/other/122371393090060.xml&coll=2
"Payday lenders give profits a bad name; vote yes on issue 5"
October 14, 2008 - Dayton Daily News
Payday lenders are trying to confuse you. Shamelessly, aggressively, deceitfully.
http://www.daytondailynews.com/search/content/oh/story/opinions/editorial/2008/10/14/ddn101408issue5xxeb.html
"Yes on Issue 5"
October 20, 2008 - The Medina County Gazette
After much haranguing and negotiating in Columbus, the legislature passed a tougher-than-expected crackdown on payday lenders. Now the industry, in an effort to save itself in Ohio, has put the new law on the ballot.
http://wp2.medina-gazette.com/2008/10/20/opinion/yes-on-issue-5/
"Don't fall for the hype: Vote yes on issue 5"
October 22, 2008 - Lancaster Eagle Gazette
Of all the issues on the state ballot this Nov. 4, perhaps none is as offensive as the deceptive campaign about payday lenders.
http://www.lancastereaglegazette.com/apps/pbcs.dll/article?AID=2008810220319
"Endorsement: Vote yes on Issue 5; it will place limits on exploitative payday loans"
October 13, 2008 - The Athens News
We strongly urge our readers to vote YES on Referendum 5, a measure that would uphold Ohio's "payday-lending" law. This legislation will prevent this exploitative industry from continuing to prey on cash-strapped Ohioans with annual interest rates as high as 391 percent.
http://www.athensnews.com/opinion/2008/oct/13/endorsement-vote-yes-issue-5-it-will-place-limits-/
"Editorial: Yes on Issue 5"
October 26, 2008 - The Columbus Dispatch
Deciding how to vote on State Issue 5, a referendum on the state's new payday-lending law, isn't easy. A yes vote will allow the statute to go into effect in its entirety, tightening regulation of an industry that fills a niche in the financial marketplace. The new law might force many payday-lending, or check-cashing, businesses to close their doors, leaving their employees without jobs and their customers in the lurch when they need money in an emergency.
http://www.dispatchpolitics.com/live/content/editorials/stories/2008/10/26/ISSUE5.ART_ART_10-26-08_G4_QNBM7FD.html?type=rss&cat=&sid=101&title=Editorial%3A+Yes+on+Issue+5 "Vote yes on issue 5"
October 15, 2008 - The Youngstown Vindicator
Tens of thousands of Ohioans have made payday lending a multi-million dollar industry. Dozens of storefront shops sprouted up in Mahoning and Trumbull counties in little more than a decade after Ohio legislators effectively eliminated the state's time-tested laws against usury.
http://www.vindy.com/news/2008/oct/15/vote-yes-on-issue-5/
"Payday deception"
October 12, 2008 - Akron Beacon Journal
What is Issue 5? Watch the television ads urging Ohioans to vote ''no'' Nov. 4 on the statewide ballot issue, and you won't know it has anything to do with quick loans from payday lenders. Neither will you have a clue that the question in this referendum is whether Ohio should enforce recent legislation that does not allow interest rates to exceed 28 percent on payday loans or permit payday lenders to continue charging rates as high as 391 percent.
http://www.ohio.com/editorial/opinions/30857504.html
"Now do your part on payday lending: Vote yes on Issue 5 - Sheryl Harris' Plain Dealing"
October 12, 2008 - The Plain Dealer
The vote on Issue 5 is about a lot more than payday lending. It's about whether Ohioans will stand up and vote "yes" for good government.
http://www.cleveland.com/business/plaindealer/sheryl_harris/index.ssf?/base/other/122371393090060.xml&coll=2
"Our View Editorial: Yes vote would keep Ohioans protected from greedy payday lenders"
September 2, 2008 - The Lorain Morning Journal
"Yes." Yes, is the only word that counts when it comes to protecting Ohioans from the loan sharking ways of payday lenders, if Issue 5 makes it onto the Nov. 4 ballot.
http://www.morningjournal.com/articles/2008/09/02/opinion/doc48bca774acfa9525837171.txt
"Our opinion: Vote Yes to keep lending law in place"
October 7, 2008 - New Philadelphia Times Report
Ohio's new payday lending law, approved by lawmakers last summer, was a victory for consumers in the state.
http://www.timesreporter.com/opinion/x1272961682/Our-opinion-Vote-Yes-to-keep-lending-law-in-place
"Payday lenders put themselves near the poor"
October 8, 2008 - The Cleveland Plain Dealer
More proof that payday lenders prey on the poor comes from the Federal Reserve Bank of Minneapolis.
http://www.cleveland.com/editorials/plaindealer/index.ssf?/base/opinion/122345477771640.xml&coll=2
"Yes on Issue 5"
September 14, 2008 - Akron Beacon Journal
In a stunning turn this summer, payday lenders lost their legislativebattle to prevent passage of an Ohio law that caps the interest ratethey are permitted to charge on small loans. The lenders responded witha strategy: If you fail in the Statehouse, take the fight to thestreets. They have submitted signatures petitioning to place Issue 5 onthe Nov. 4 ballot. The statewide referendum would be the lenders'effort to reclaim what they lost: the opportunity to charge interestamounting to a 391 annual percentage rate on small, short-term loans.
http://www.ohio.com/editorial/opinions/28363479.html#signanchor
"Ohio chambers sides with the bad guys on payday lending"
September 2, 2008 - Dayton Daily News
It's not shocking that the Ohio Chamber of Commerce has lined up with the payday lending industry. The chamber is reflexive in its support of anything that is "pro-business" no matter how extreme or loosely defined "pro-business" is.
http://www.daytondailynews.com/o/content/oh/story/opinions/editorial/2008/09/02/ddn090208chamberxxeb.html
"Thomas Suddes: Paid sick days vs. payday lending"
August 31, 2008 - Dispatch Politics
Like 16-year Gov. James A. Rhodes, the Statehouse business lobbies believe " profit isn't a dirty word in Ohio." To some Ohio business lobbies, hypocrisy must not be a dirty word, either.
http://www.dispatchpolitics.com/live/content/editorials/stories/2008/08/31/sudd31.ART_ART_08-31-08_G5_I6B627V.html?type=rss&cat=&sid=101&title=Thomas+Suddes%3A+Paid+sick+days+vs.+payday+lending%3A+Hypocrisy+is+easy+to+find
"Ohioans need to cut through the confusion and approve Issue 5 - editorial"
August 31, 2008 - The Cleveland Plain Dealer
Issue 5 on Ohio's November ballot, the pay day-lending issue, is a stark face-off be tween fairness and greed. A "yes" vote is a vote for fairness. "Yes" on Issue 5 is the vote Ohioans should cast.
http://www.cleveland.com/editorials/plaindealer/index.ssf?/base/opinion/1220171618297310.xml&coll=2
"Those phony petition claims"
August 19, 2008 - Toledo Blade
THE group behind the attempt to repeal Ohio's consumer-friendly payday lending law claims its petition force has been extensively trained. But there is evidence that those gathering signatures for the proposed referendum aren't playing it straight.
http://toledoblade.com/apps/pbcs.dll/article?AID=/20080819/OPINION02/808190311
"Board decision sets up YES or a NO vote"
August 18, 2008 - The Canton Repository
Payday lenders in Ohio won two battles this week. The Ohio Ballot Board, which determines what language is to be placed on a ballot, sided with lenders who objected to language that would have detailed how much interest they conceivably could charge on a loan - as much as 391 percent. The panel concluded that allowing such information would be prejudicial.
http://www.cantonrep.com/index.php?ID=426156&Category=3&subCategoryID
"Financial freedom isn't free"
August 17, 2008 - Akron Beacon Journal
The poor payday lending industry is being picked on by a group of people who want nothing more than to displace 6,000 workers, shutter the doors of 1,500 storefronts statewide and lower interest rates on short-term loans from 391 percent annually to a measly 28 percent.
http://www.ohio.com/news/willard/27065614.html?page=all&c=y
"State of Confusion"
August 18, 2008 - The Columbus Dispatch
Payday-loan supporters who seek to overturn recent legislation that they say will destroy their industry repeatedly have failed to accurately explain their proposed referendum.
http://www.dispatch.com/live/content/editorials/stories/2008/08/18/paylenders.ART_ART_08-18-08_A6_ISB1CU0.html?sid=101
"Payday lenders are still hungry to cash in big"
August 18, 2008 - The Dayton Daily News
The payday lending industry has decided that, by hook or crook, it's going to overturn a new state law outlawing it from charging exorbitant interest rates. It really thinks that if it spends enough money peddling enough lies that people will support having a "choice" to be ripped off.
http://www.daytondailynews.com/search/content/oh/story/opinions/editorial/2008/08/18/ddn081808payxxeb.html
"Consider 'voting' early on payday referendum"
June 26, 2008 - The Newark Advocate
Payday lenders, smarting from a new state law that puts a squeeze on the fees they can charge, are looking to overturn the limit through a referendum. To get on the ballot requires signatures of Ohioans. Now is the time to vote by turning down an offer to sign such a petition.
http://www.newarkadvocate.com/apps/pbcs.dll/article?AID=/20080626/OPINION01/806260355/1014/OPINION
"'Helping Ohio' - what a concept for the state legislature - Thomas Suddes"
May 18, 2008 - Cleveland Plain Dealer
They said it couldn't be done. But thanks to constructive bipartisan government in Columbus and the Ohio Coalition for Responsible Lending, Ohio is blowing the whistle on lenders (to use a polite word) who charge blue-collar people annual rates of up to 391 percent to borrow money. Subject to further skullduggery by lenders' lobbyists, Ohio will cap payday-loan APRs at 28 percent.
http://www.cleveland.com/news/plaindealer/thomas_suddes/index.ssf?/base/opinion/1211044531121880.xml&coll=2
"Ohio Senate right on 'payday' bill"
May 16, 2008 - Cincinnati Enquirer
The Ohio Senate did the right thing Wednesday when it followed the House's example and pass a bill that would cap the interest rates on payday loans.
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080516/EDIT01/805160338/1090/EDIT
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