Nebraska becomes the latest state to cap advance loan rates of interest

Nebraska becomes the latest state to cap advance loan rates of interest

Nebraska voters overwhelmingly supported a ballot work Tuesday that caps rates on payday advances at 36% through the state that is entire also while federal legislation limiting these high-cost loans is still stalled.

Р’В© given by CNBC Ahmed Morsi brings along their son that is month-old Omar while filling their ballot at a spot this is certainly polling Omaha, Neb., Tuesday.

About 83% of Nebraska voters authorized Measure 428, according towards the Nebraska Secretary of State, which supplies election results.

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