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Coalition submits 120,000 signatures in drive to cap loan that is payday rates in Nebraska

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A lot more than 120,000 Nebraskans finalized onto a petition drive to cap loan that is payday at 36%, meaning the initiative will probably appear on November ballot.

The petition drive, arranged by Nebraskans for Responsible Lending, effortlessly surpassed the approximately 85,000 signatures — about 7% associated with the state’s registered voters — it required ahead of the July 3 due date.

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