Payday lending takes a hit thanks to nevadans for the common good/iaf; reforms pushed through nevada legislature
Lobbyists for the lenders acted as if enforcement of existing laws would be something akin to mass extinction for their industry. Breathless predictions of doom bordered on the hysterical.
This was a head-scratcher for members of Nevadans for the Common Good (NCG), a non-partisan, valley-wide federation of 47 faith-based, labor, and non-profit organizations. NCG threw its support behind the proposal sponsored by Sen. Yvanna Cancela and supported by the Legal Aid Center of Southern Nevada because the personal stories of those caught in the debt cycle — taking out one loan to pay off another — extend deep into its membership. More.