Voters in Nebraska sided with efforts to limit loans that are payday paing an effort Tuesday that the Nebraska Catholic Conference had endorsed as a way to guard the indegent from becoming caught with debt.
The Lincoln Journal-Star reports over 80% of Nebraskan voters backed Initiative 248, which caps payday loans at a 36% annual percentage rate. Formerly, the lending that is legal had been set at 400per cent. Continue reading “Nebraskans vote to limit ‘exploitative’ pay loans day”