Ohioans 4 Financial Freedom is urging voters to say 'no' to a house bill that threatens to end the right of consumers to take out pay day loans.

The organization, which is currently circulating petitions in Ohio, is campaigning against legislation aimed at imposing an interest rate cap on short term loans.

Repealing Section 3 of house bill 545 is one way of protecting Ohioans' financial freedom, says the campaign body.

The bill, which is due to come into force next month, caps interest rates, restricts borrowing to four times a year and extends the term of a loan from two weeks to four weeks.

Ohioans 4 Financial Freedom spokeswoman Kim Norris said: "We will continue our efforts to inform Ohioans that their financial choice for an emergency loan could be taken away."

Attorneys for the organization have argued that Article 2 of the Ohio Constitution grants Ohioans the right to reject any law or section of law by voting 'no' in a referendum.

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