Nebraska Voters Right Right Right Back 36% Price Cap For Payday Loan Providers

Law360 (4, 2020, 6:42 PM EST) — Voters in Nebraska on Tuesday overwhelmingly approved a ballot measure to establish a 36% rate cap for payday lenders, positioning the state as the latest to clamp down on higher-cost lending to consumers november.

Nebraska’s rate-cap Measure 428 proposed changing their state’s guidelines to prohibit certified “delayed deposit services” providers from charging you borrowers yearly portion prices greater than 36%. Continue Reading