The Highs and Lows of Payday Loans | Nevada Week

Nevada Week | The Highs and Lows of Payday Loans

SEASON 1: EPISODE 32 | Airdate: 2/22/19

With payday interest rates in Nevada some of the highest in the U.S., residents opting for short-term loans can be financially strapped and trapped. Payday lenders argue they provide a service the state does not. What do we need to know about payday lending, and how do we protect Nevada's underserved and underrepresented families?

Resources

• NELIS - Nevada 80th Legislative Session - AB118: Short-Term Lending

• Nevada 80th Legislative Session: Performance Audit Department of Business and Industry Division of Financial Institutions 2018

• Consumer Financial Protection Bureau Report

• Nevada 80th Legislative Session - Assembly Bill 118

• Consumer Financial Protection Bureau: Data Point: Payday Lending

• Federal Deposit Insurance Corporation: National Survey of Unbanked and Underbanked Households

Episode Guests

• Tennille K. Pereira, Attorney, Legal Aid Center of Southern Nevada
• Emily Stevens, Community Development Executive, SCE FCU
• William Horne, V.P. Strategies 360 - Nevada