Nebraska becomes the state that is latest to cap pay day loan rates of interest

Nebraska becomes the state that is latest to cap pay day loan rates of interest

Nebraska voters overwhelmingly supported a ballot effort Tuesday that caps rates on pay day loans at 36% for the state, even while federal legislation limiting these high-cost loans continues to be stalled.

В© supplied by CNBC Ahmed Morsi brings along their month-old son Omar, while filling their ballot at a place that is polling Omaha, Neb., Tuesday. Continue reading “Nebraska becomes the state that is latest to cap pay day loan rates of interest”