Final Iowa City payday loan vote Tuesday

Tomorrow, Tuesday, September 18, the Iowa City City Council will vote on the third and final reading of Iowa CCI members proposed ordinance to crack down on predatory payday lending with tough new zoning restrictions.  The Council voted unanimously 7-0 to pass the measure at the 1st and 2nd readings in late August and earlier this month.

Tomorrow will be a day of celebration, when we watch as Iowa City becomes the fifth city in the state of Iowa to crack down on predatory payday lending with a similar zoning ordinance.

This is a big victory for local CCI members that is a year in the making.  Dozens of members just like you have attended planning meetings, met in small groups with city staff, testified at city council meetings, emailed your elected officials, wrote letters to the editor, and more to make this victory possible.  And it will add substantially to a statewide effort, giving us a lot of momentum going into the 2013 state legislative session to push a statewide interest rate cap on payday loans – from 400% to 36%.

Join us tomorrow for our last mobilization on this issue, to demonstrate public support, and to help us celebrate after we win. This is the moment when all your hard work pays off. 

•  6:45 pm Tuesday – meet outside Iowa City Hall, 410 East Washington Street, downtown Iowa City.

•  7:45 pm Tuesday – victory celebration at the Mill Restaurant. 

Let us know if you will be there. Please RSVP to david [at] iowacci.org or call the Iowa CCI statewide headquarters at 515.282.0484. Click LIKE and TWEET if this is great news!