NEBRASKA PAYDAY LENDING BALLOT CAMPAIGN GETS $485,000 BOOST

LINCOLN, Neb. (AP) — A ballot campaign seeking to tighten the cap on how much interest payday lenders can charge in Nebraska has received a major boost from a national donor, increasing the odds that it will succeed in placing the issue on the 2020 ballot.

Nebraskans for Responsible Lending received $485,000 in cash and in-kind contributions last month from the Sixteen Thirty Fund, a liberal, Washington-based group that has helped in other states with campaigns to expand Medicaid, raise the minimum wage and restrict payday lending.

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