In a Landslide, Nebraska Voters Say ‘No More’ to 404% Interest Rates on Payday Loans

In a Landslide, Nebraska Voters Say ‘No More’ to 404% Interest Rates on Payday Loans

On Election Day, voters in Nebraska voted to put significant limits on the interest rates payday lenders can charge.  A 400% interest rate on small-dollar loans is the average across the States. Now that 83% of Nebraska’s voters have approved Initiative 428, that won’t be the case in this Midwestern state: Payday lending interest rates will […]

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Source: Good News