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Nebraska payday financing ballot campaign gets $485,000 boost

Nebraska payday financing ballot campaign gets $485,000 boost

LINCOLN, Neb. (AP) — A ballot campaign wanting to tighten up the limit as to how much interest payday loan providers may charge in Nebraska has received a major boost from the nationwide donor, enhancing the chances so it will flourish in placing the matter regarding the 2020 ballot.

Nebraskans for Responsible Lending received $485,000 in cash and in-kind efforts final thirty days from the Sixteen Thirty Fund, a liberal, Washington-based team which has assisted various other states with promotions to grow Medicaid, raise the minimal wage and restrict payday financing.

“A great deal regarding the very early conversations we’ve had about fundraising have already been positive,” said Aubrey Mancuso, an organizer for Nebraskans for accountable Lending.