Monday, May 16, 2022

Play

A measure aims to streamline absentee voting in Ohio; a new report finds the use of low-value health services high given during the pandemic; authorities say Buffalo mass shooting was a racist hate crime.

Play

Officials deem a mass shooting racially motivated; Russia said to be down 30% of its land forces in Ukraine; and polling suggests swayable Republican voters are turning against Biden.

Play

Optimism is in the air as rural arts tourism spreads, a Rural Home Hospital program helps patients avoid long trips to the city, and farmer cooperatives want Congress to offer more grant money.

Community Groups Urge Nevadans to Learn Risks of Payday Loans

Play

Thursday, September 20, 2018   

LAS VEGAS — A free workshop in Las Vegas on Monday is aimed at educating people about the risks of payday loans.

Short-term, high-interest, payday lending is prohibited in several states - and many states that do allow these loans put limits on the amount of interest that can build up on them. But that isn't the case in Nevada. In the absence of those regulations, Robin Collins with Nevadans for the Common Good said many low-income people in the state are getting caught in cycles of debt.

"Once someone gets a payday loan, because the way it's serviced and the interest rate, it is hard to get out of it,” Collins said. “As a matter of fact, the statistics show that when a person gets a loan, they might get a loan, and then they might get a loan to pay off that loan - and then it just continues, continues, continues."

Several states have created databases of payday-loan borrowers, meant to help prevent them from entering into multiple deals they can't afford. Collins said Nevada doesn't have any such system to enforce borrowing rules before a loan is issued.

The Monday evening forum will be held at Las Vegas' University United Methodist Church. It's co-hosted by nine Nevada community groups to help the public understand how short-term lenders operate in the state.

Collins said one goal of the workshop is to make clear that high interest rates mean borrowers often get stuck owing much more than they bargained for.

"Those people who are affected, we want them to come and tell us their stories and talk to us, so that we can show them that there's some hope, and show them how to get out of it,” she said.

For those who can't attend the workshop, the Legal Aid Center of Southern Nevada offers information on payday loans online at lacsn.org, as well as free payday-loan classes once a month.



get more stories like this via email

U.S. Rep. Raul Grijalva, D-Ariz., addresses an Earth Day rally at the Arizona State Capitol. (EDF/Adriana Zehbrauskas, Moms Clean Air Force)

Environment

Since its inception, Earth Day has been an occasion to advocate for a cleaner planet - but in 2022, climate change is bringing a higher level of …


Health and Wellness

While many Americans have resumed normal lives after the past two years, the COVID pandemic has not gone away, especially if you have a pre-existing …

Social Issues

An initiative that would repeal Washington's capital-gains tax on the state's richest residents is struggling to gain traction. Initiative No…


Parts of Oregon are considered child-care deserts because of the lack of access to care. (Irina Schmidt/Adobe Stock)

Social Issues

Oregonians are casting their ballots for Tuesday's primary election. One issue affecting many voters is access to child care. Courtney Helstein…

Social Issues

Gov. Tom Wolf, lawmakers and community leaders are calling on the General Assembly to pass legislation that would send checks of up to $2,000 to …

In an effort to help people rebuild assets post-pandemic, AARP California is having free webinars on financial topics, such as how to avoid scams that target homeowners. (ajr_images/Adobe Stock)

Social Issues

About half of Latinos either lost a job or had their wages cut during the pandemic,according to a recent survey from Pew. Now, AARP is offering a …

Social Issues

May is mental health awareness month. As part of that, groups in Idaho are using HOPE Week to help kids in crisis and reduce the state's worrying …

Social Issues

There's a new effort at the statehouse to make it easier for Ohioans to vote by mail by creating a permanent absentee voter list. To vote absentee …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021