Nebraska Supreme Court hears challenge to title of payday financing ballot effort
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Nebraska voters could have the chance in November to choose whether advance loan companies should really be capped when you look at the number of interest they are able to charge for the tiny loans they offer.
A effective petition drive place the measure, which will cap payday advances at 36% in place of 400% as is presently allowed under state legislation, in the ballot.
However the owner of Paycheck Advance, one company that could be straight afflicted with the change, stated including the wording “payday financing” in the ballot name and explanatory statement as served by the Nebraska Attorney General’s workplace had been “insufficient and unjust.”
Trina Thomas sued Attorney General Doug Peterson and Secretary of State Bob Evnen, saying the language become printed regarding the ballot “unfairly casts the measure in a light that could prejudice the voter and only the effort.”
