More than 120,000 Nebraskans have signed a petition to cap payday loan rates at 36%, meaning the initiative will likely show up in the November ballot. The petition campaign, organized by Nebraskans for Responsible Lending, easily surpassed the roughly 85,000 signatures — about 7% of registered voters in the stateRead More →
Voters in Nebraska have moved closer to deciding whether or not to limit the amount of interest payday loans can charge, thanks to a local campaign that garnered 120,000 signatures. The Nebraskas for Responsible Lending Coalition, which includes the state chapters of the AARP and the ACLU among its members,Read More →
When you browse cluttered pages of Google search results for a low cost online loanit can be difficult to distinguish reputable lenders from predators. These lenders, who use abusive or unfair practices, offer loans with high rates and excessively long or short repayment terms that bring money to the lenderRead More →
Choosing the personal loan with the best interest rate can make a big difference, especially when times are tough. Here’s how to find your best match. (iStock) In recent months, the coronavirus pandemic has taken a heavy toll on the finances of many Americans, with an estimated 42 million peopleRead More →
With millions of Americans unemployed and facing financial hardship during the COVID-19 pandemic, payday lenders are aggressively targeting vulnerable communities through online advertising. Some experts fear that more borrowers will start taking payday loans despite their high interest rates, which has happened over the course of the last decade. financialRead More →