A bipartisan duo when you look at the state Legislature desires to fasten down on payday loan providers in Nebraska and help households avoid becoming “trapped in a period of obligations.”

Sens. Tony Vargas and Lou Ann Linehan, both newly elected from Omaha area, launched a costs Tuesday that could limit interest levels on payday advance loan and require loan providers to provide affordable payment tactics in the place of pushing people to repay debts in lump sum. (more…)