A statewide database monitoring high-interest, short-term payday financing is beginning to obtain the ground off and perhaps start documenting such loans by summer time.
Nevada’s Financial Institutions Division — circumstances regulatory human body charged with overseeing alleged payday along with other high-interest lenders — published draft regulations final thirty days that flesh out information on the database and what sort of information it’s going to and that can gather. Continue reading “More information emerge as state’s first cash advance database takes form”