OTOC Call to Action      

Call you Senator today to support LB194, a bipartisan bill being sponsored by two freshman Senators, Tony Vargas (District 7) and Lou Ann Linehan (District 39). The bill aims to protect our most vulnerable Nebraskans while allowing the pay day lending industry to remain profitable in the state.

Rev Scott Shreve of St. Paul UMC represented OTOC asking the Unicameral to reform Pay Day Lending Click on the links  below to learn more:

OTOC Call to Action

How to reign in Pay Day Lending LB 194

How the Debt Trap works

These Omaha Area Senators are on the Banking Committee and will decide if LB 194 gets a vote by the Unicameral. Let them know what you think.

Sen. Brett Linstrom, District 18 & Chair
Phone: (402) 471-2618
Email: [email protected]


Sen. Joni Craighead, District 6
Phone: (402) 471-2714
Email: [email protected]

Sen. John McCollister District 20  

Phone: (402) 471-2622
Email: [email protected]

Please let us know about your contacts at [email protected]  or 402-344-4401

On Feb. 21, brave leaders gave testimony at a public hearing at the Banking Committee about the impact of Pay Day Loans on their lives


Elsa Ramon Moody of St. Margaret Mary Catholic testified about how desperation caused her to take out Pay Day Loans

Richard Blocker of Augustana Lutheran testified about how his need to buy medicine led him to take out a pay day loan


On Feb 16, OTOC held a Clergy Caucus for so faith leaders could learn more about how Pay Day Lending ensnares desperate people.





On Feb. 7, OTOC held an Issue Cafe to teach our leaders about Pay Day Lending

Tracy Bruckner and Lisa Sock of Women’s Fund of Omaha, along with Ken Smith of Nebraska Appleseed gave presentations followed by a question and answer session.


We learned that across the United States 12 million people borrow $7 billion each year. These are people who have a job and checking account and make approximately $30,000 a year. Most have credit cards, but they are maxed out. Most use pay day loans for monthly or recurring expenses.

In Nebraska pay day lenders are allowed to charge up to 461% in fees/interest each year on a loan. These high rates are among the highest allowed in the nation and lead to a revolving door of debt for the borrower. The loans last an average of 5 months, and the borrower pays $530 in fees to borrow $300 for those 5 months.

Reducing Interest Rates

Neighboring states, such as Colorado and South Dakota, have passed laws similar to our LB194. Tracy Bruckner described ours as a middle of the road law. This means that the regulations that would be imposed would not cripple the industry in Nebraska. There are plenty of Nebraskans who need help when unexpected expenses arise, but the restrictions of LB194 will ensure that those Nebraska borrowers will not be stuck in a revolving door of debt that so many borrowers have experienced.