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The CFPB also said it is paying close attention to the 'tips' many of the apps request when providing advances on paychecks.
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Finance
The Consumer Financial Protection Bureau has proposed rescinding an underwriting requirement that forces lenders to determine whether a customer is able to pay back loans.
Commerce
Governor Sandoval has approved dozens of bills including measures related to autism, group homes and renewable energy.
Payday loans - or places to quickly borrow cash, are easy to find in Nevada. They promise hundreds to thousands of dollars with no hassle, but of course there are strings attached. Now, our State Treasurer wants new regulations to protect borrowers.
Nevada State Treasurer Dan Schwartz is holding a payday loan public meeting on Wednesday August 10th at 9:00 AM. There will be two meetings, one in Las Vegas and one in Carson City.
Commerce
Nevada lawmakers have approved a measure adopting tougher regulations for companies that extend high-interest short term loans.
Nevada lawmakers have approved a measure adopting tougher regulations for companies that extend high-interest short term loans.
Nevada senators have passed a bill that aims to curb predatory short-term lending. The Nevada Senate voted unanimously Thursday to approve Senate Bill 242, which would enact the Payday Lender Best Practices Act.
Nevada lawmakers are reviewing a bill that aims to curb predatory short-term lending.
According to a report, Idaho, Nevada and Utah have among the nation's highest interest rates for payday loans.