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Data show home-ownership disparities in North Dakota; Trump reaped over $100 million through fraud, New York says as trial starts; Volunteer water monitors: citizen scientists.

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Donald Trump's civil trial in New York is underway, House Republicans are divided on whether to oust Kevin McCarthy as Speaker, and Latino voter groups are hoping to see mass turnout in the next election.

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A small fire department in rural Indiana is determined not to fail new moms and babies, the growing election denial movement has caused voting districts to change procedures and autumn promises spectacular scenery along America's rural byways.

NV Lawmakers Aim to Strengthen Consumer Protections on Payday Loans

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Wednesday, February 27, 2019   

CARSON CITY, Nev. - Two bills before the Nevada Legislature would tighten up the rules on payday lending, just as the Trump administration is proposing to loosen them.

The Consumer Financial Protection Bureau recently proposed lifting the requirement that payday lenders verify that borrowers can pay back a loan. State Sen. Yvanna Cancela, D-Las Vegas, just introduced
Dollar Loan Center has distributed a packet to lawmakers that argues that a database would hurt the payday-lending industry, leave borrowers with less choice and be a risk for data breaches.

A second bill,
Assembly Bill 118 from Assemblywoman Heidi Swank, D-Las Vegas, would cap interest rates at 36 percent. Now, some payday loans have annual interest rates as high as 652 percent. Attempts at a similar cap have died in past legislative sessions.

The CFPB also has said it will no longer supervise payday lending to military members and only investigate once a complaint has been made. Therefore, Cancela's bill would add protections from the federal Military Lending Act into state law. It caps interest rates at 36 percent for military members and their families.

"The CFPB has recently said, at the federal level, that they will be rolling back enforcement on that law," she said, "and so my bill, it codifies the federal law into state law so that the enforcement of that law can continue at the state level, regardless of what happens at the federal level."

Both bills are pending in committee, awaiting a hearing.

The text of SB 201 is online at leg.state.nv.us.


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