Cumbria Payday Loans

Nevada has “no significant legislation of payday lending,” according towards the Center for Responsible Lending.

Nevada has “no significant legislation of payday lending,” according towards the Center for Responsible Lending. 22 That means there’s simply no limitation to exactly how much interest loan providers may charge for the $300 loan over a two-week pay period.23 And with out a limit on rates of interest, “consumers will pay double of what they initially borrowed, which will keep them into the period of poverty,” Nevada deputy state treasurer Sheila Salehian explained in 2016.24 It is embarrassing to...

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