marketplace Watch web Site Logo a hyperlink that brings you back once again to the website.
A red state is capping rates of interest on payday advances: вЂThis transcends ideology that is politicalвЂ™
вЂonce you ask evangelical Christians about payday lending, they object to itвЂ™
Print symbol Resize symbol
Rates of interest on pay day loans will likely be capped in Nevada, after passing of a ballot measure on Tuesday. An average of nationally, payday loan providers charge 400% interest on small-dollar loans.
Nebraska voters overwhelming thought we would place limitations on the interest levels that payday loan providers may charge вЂ” rendering it the 17th state to restrict interest levels regarding the high-risk loans. (more…)