In a Landslide, Nebraska Voters Say ‘No More’ to 404% Interest Rates on Payday Loans
[ad_1] On Election Day, Nebraska voters voted to put significant caps on the interest rates that lenders can charge on payday. A 400% interest rate on small dollar loans is the state average. Now that 83% of Nebraska voters have passed Initiative 428, that won’t be the case in this Midwestern state – interest rates…