Monthly Archives: November 2020

Nebraska Approves Interest Rate Cap on Payday Loans

Just before Christmas in 2010, Phil Davis discovered that his car was in need of repairs. He still remembers a decade later because he and his wife had to spend all the money they had saved for Christmas that year on the car. “At the time, we had a 3-year-old …

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Red state caps interest rates on payday loans: “it transcends political ideology”

Nebraska voters have overwhelmingly chosen to limit the interest rates that payday lenders can charge, making it the 17th state to limit interest rates on risky loans. But consumer advocates have warned that future payday loan protections may need to be put in place at the federal level due to …

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