Neb Supreme Court Rejects Challenge To Payday Loan Ballot Measure

The Nebraska Supreme Court has rejected a challenge to the payday lending measure on the November ballot. 

        Supporters of the measure to cap interest and fees for such loans at 36% successfully gathered enough signatures to make the ballot, but opponents – financed almost exclusively by the payday loan industry – filed a court challenge.

      They argued that when circulators collected petition signatures, they didn’t read the initiative’s full object statement to signers. 

        A Lancaster County District Court judge dismissed the challenge in September and the state Nebraska Supreme Court has now affirmed the district court decision