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Nebraska payday financing ballot campaign gets $485,000 boost

LINCOLN, Neb. (AP) — A ballot campaign trying to tighten up the limit on what much interest payday loan providers may charge in Nebraska has received a significant boost from a national donor, increasing the chances so it will achieve placing the problem in the 2020 ballot.

Nebraskans for Responsible Lending received $485,000 in money and in-kind efforts month that is last the Sixteen Thirty Fund, a liberal, Washington-based team which has had aided in other states with promotions to grow Medicaid, raise the minimum wage and restrict payday financing.

“A great deal of this very early conversations we’ve had about fundraising have already been positive,” said Aubrey Mancuso, an organizer for Nebraskans for accountable Lending. “A great deal of men and women understand this problem, and we think we’re hopeful that we’ll have all of the resources we must be successful.”

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