Payday financing industry could see rate caps, database under legislative proposals

Payday financing industry could see rate caps, database under legislative proposals

In the weeks that are coming Nevada lawmakers might find tens of thousands of bright-yellow postcards dropped to their mailboxes.

The postcards, delivered by people in the inter-faith team Nevadans for the Common Good, should include handwritten records and needs for legislators to guide more capital for K-12 training, affordable housing taxation credits and extra limitations on payday financing.

It is element of a renewed work by modern teams and community activists to enshrine brand new limitations on Nevada’s cash advance industry, couple of years after comparable efforts to rein within the industry took place in flames. Continue reading