Industry pushes right back against brand new state laws
The Legislature in 2019 passed a legislation mandating the development of a database that is statewide monitor short-term financing methods in an effort to make sure loan businesses do not provide to borrowers who lack the way to repay.
The cash advance industry fought what the law states. Now they are fighting the guidelines for enforcing it.
At a Nevada banking institutions Division hearing Wednesday on applying what the law states and talking about drafted guidelines to make sure businesses adhere to it, pay day loan industry representatives pushed right back difficult, and said the rules rise above the range regarding the legislation. Continue reading