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A red state is capping rates of interest on payday advances: ‘This transcends ideology that is political’

Jacob Passy

‘once you ask evangelical Christians about payday financing, they object to it’

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Rates of interest on pay day loans will soon be capped in Nevada, following passage through of a ballot measure on Tuesday. An average of nationally, payday loan providers charge 400% interest on small-dollar loans.

Nebraska voters overwhelming decided to place limitations in the interest levels that payday loan providers can charge — which makes it the state that is 17th restrict interest levels from the dangerous loans. Leer más Acerca demarketplace Watch web web web Site Logo a hyperlink that brings you back once again to the website.