Legislators effort, just as before, to control loan industry that is payday

Nevada l awmakers introduced legislation Wednesday to cap interest for payday advances at a apr of 36 %, an interest rate limit that nationwide advocates contend has all but eliminated excessive and abusive financing methods in a number of other states. Assemblywomen Heidi Swank and Lesley Cohen will be the main sponsors of Assembly Bill 118, the latest effort to rein within the lending industry. Yearly portion rates of interest for loans in Nevada are…