Nov 09, 2012
By Colleen McCarty
8 News Now
In the post-recession economy, many Las Vegans are living paycheck to paycheck, often turning to payday lenders to help make ends meet. For some, those high interest loans lead to a crippling cycle of debt. Nevada has no rules restricting the interest rate on payday loans -- 100 percent, 500 percent or 1,000 percent -- it's all legal.But Nevada does have some state laws that protect consumers from predatory practices, unless the lenders get their way on Capitol Hill.
