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Legislators effort, all over again, to suppress loan industry that is payday

Legislators effort, all over again, to suppress loan industry that is payday

Nevada l awmakers introduced legislation Wednesday to cap interest for pay day loans at a apr of 36 per cent, an interest rate cap that nationwide advocates contend has all but eliminated excessive and abusive financing techniques in many other states.

Assemblywomen Heidi Swank and Lesley Cohen will be the main sponsors of Assembly Bill 118, the attempt that is latest to rein into the lending industry.