The Legislature has to work on payday lending

The Legislature has to work on payday lending The Legislature should deal with exploitative methods in Nevada’s payday and short-term lending market. Luckily, it offers two possibilities with legislation currently introduced. Sen. Cancela proposed a calculated, incremental bill to invest in the development of a database to trace payday financing task in Nevada. The measure would make state regulators far better in overseeing the state’s payday lenders. The Legislature just needs to drop it on his desk as Gov. Sisolak already has announced his support for a database. Assemblywoman Heidi Swank additionally now brings another choice — just capping prices at 36 per cent, the cap that is same utilized in the Military Lending...

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