A red state is capping interest levels on pay day loans: вЂThis transcends ideology that is politicalвЂ™
вЂWhen you ask evangelical Christians about payday financing, they object to itвЂ™
Rates of interest on payday advances are going to 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 chose to place limitations regarding the interest levels that payday loan providers may charge вЂ” which makes it the seventeenth state to restrict interest levels in the high-risk loans. Continue Reading…