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‘ whenever you ask evangelical Christians about payday financing, they object to it’

Nebraska voters overwhelming decided to place restrictions regarding the rates of interest that payday lenders may charge — rendering it the 17th state to restrict interest levels regarding the high-risk loans. But customer advocates cautioned that future defenses linked to pay day loans may prefer to take place during the level that is federal of present alterations in laws.

With 98per cent of precincts reporting, 83% of voters in Nebraska authorized Initiative 428, which will cap the yearly interest charged for delayed deposit solutions, or payday financing, at 36%.

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