Voters in Nebraska sided with efforts to limit loans that are payday moving an effort Tuesday that the Nebraska Catholic Conference had endorsed as a way to guard the indegent from becoming caught with debt.
Over 80% of Nebraskan voters supported Initiative 248, which caps payday advances at a 36% apr, the Lincoln Journal-Star reports. Formerly, the appropriate financing price had been set at 400per cent.
Sixteen other states have actually similar restrictions, or prohibit payday lending entirely.
The Nebraska Catholic Conference ended up being on the list of supporters regarding the effort. Читать далее Nebraskans vote to limit ‘exploitative’ pay day loans