After three and a half years working to cap "sky-high" fees that Nebraska payday lenders charge, Omaha Together One Community (OTOC) won a landslide victory (83% to 17%) for statewide Initiative 428, reducing maximum interest rates on payday loans from 387% to 36%.
Payday Lending Regulation Is On the Ballot in Nebraska Amid Sky-High Interest Rates, Yahoo Finance
Nebraskans Vote to Cap Interest Rates on Payday Loans, NPR Marketplace Morning Report
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