Nebraska Voters Right Right Back 36% Price Cap For Payday Loan Providers

Nebraska Voters Right Right Back 36% Price Cap For Payday Loan Providers Law360 — Voters in Nebraska on Tuesday overwhelmingly approved a ballot measure to determine a 36% price cap for payday lenders, positioning their state whilst the latest to clamp straight down on higher-cost financing to consumers. Nebraska’s rate-cap Measure 428 proposed changing their state’s legislation to prohibit certified deposit that is”delayed” providers from asking borrowers yearly portion prices greater than 36%. The effort, which had backing from community teams along with other advocates, passed with nearly 83% [...]