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Ballot issue concerns if “payday lenders” harm or gain low-income communities

Ballot issue concerns if “payday lenders” harm or gain low-income communities

Are payday loan providers providing a site to low-income clients or profiting when people end up in a bind that is financial? Whenever you vote this year, one of many ballot concerns seeks to restrict the charges charged on delayed deposit deals.

You’ve got most most likely seen among the 65 loan that is payday in Nebraska, generally speaking based in lower-income communities. The state title of the main item is just a delayed deposit deal. Whenever an individual is quick on money, they are brought by them a check.

Alisha Herndon of Hometown Advance Loan

Hometown Cash Loan in North Platte, Nebraska (Photos: Bill Kelly/NET Information)