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Nebraska payday financing ballot campaign gets $485,000 boost

Nebraska payday financing ballot campaign gets $485,000 boost

LINCOLN, Neb. (AP) — A ballot campaign wanting to tighten up the limit on what much interest payday loan providers may charge in Nebraska has gotten a major boost from the national donor, enhancing the chances that it’ll flourish in putting the problem in the 2020 ballot.

Nebraskans for Responsible Lending received $485,000 in money and in-kind efforts month that is last the Sixteen Thirty Fund, a liberal, Washington-based team which have assisted in other states with promotions to grow Medicaid, raise the minimal wage and restrict payday financing.