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

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

Into the coming months, Nevada lawmakers might find a huge number of bright-yellow postcards dropped in 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 education, affordable housing income tax credits and extra limitations on payday financing.

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