Nebraska becomes the latest state to cap cash advance interest levels

Nebraska becomes the latest state to cap cash advance interest levels

Nebraska voters overwhelmingly supported a ballot effort Tuesday that caps prices on payday advances at 36% through the state, even while federal legislation limiting these loans that are high-cost 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.

Approximately 83% of Nebraska voters authorized Measure 428, according into the Nebraska Secretary of State, which gives election outcomes. Continue reading “Nebraska becomes the latest state to cap cash advance interest levels”