вЂonce you ask evangelical Christians about payday financing, they object to itвЂ™
Interest rates on payday advances will undoubtedly 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 decided to place limitations regarding the interest levels that payday loan providers may charge вЂ” which makes it the state that is 17th restrict rates of interest regarding the high-risk loans. But customer advocates cautioned that future protections pertaining to pay day loans might need to take place in the federal level because of recent alterations in laws.