Nevada Ranks Among Highest in Payday Loan Rates - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada Ranks Among Highest in Payday Loan Rates

According to a report, Idaho, Nevada and Utah have among the nation's highest interest rates for payday loans.

The study, released this week by the Pew Charitable Trusts, found their rates are so high mainly because they're among only seven states that impose no legal limits on them.

The Salt Lake Tribune reports (http://bit.ly/1fcSc3d ) Idaho payday lenders charge an average 582 percent annual interest on their loans to lead the nation.

That's followed by South Dakota and Wisconsin, both 574 percent; Nevada, 521 percent; Delaware, 517 percent; and Utah, 474 percent.

Among states with storefront payday lenders, the lowest average interest charged is in Colorado at 129 percent, which matches its legal limit.

Fifteen states either ban payday loans or cap interest rates at 36 percent.

Information from: The Salt Lake Tribune, http://www.sltrib.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
  • Today's Top StoriesMore>>

  • Senior Fest 2014 Health Screenings

    Senior Fest 2014 Health Screenings

    Tuesday, September 2 2014 12:52 PM EDT2014-09-02 16:52:44 GMT
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
    Today until 2 p.m. at theReno Town Mall (4001 S. Virginia Street, Reno.)Senior Care Plus is offering free Health screenings for those 50 years of age and older regardless of your health care provider.Flu shots, Shingle shots, are just a few of the options that will be available.Again, those services are free!Swing by and check outSenior Fest 2014.More >>
  • Ahmed Sends Aces to Playoffs

    Ahmed Sends Aces to Playoffs

    Tuesday, September 2 2014 1:38 AM EDT2014-09-02 05:38:20 GMT
    Nick Ahmed delivered a two-out, run-scoring base hit in the top of the tenth inning to give the Aces a 2-1 win over the Sacramento River Cats, sending Reno to the Pacific Coast League Playoffs.More >>
    Nick Ahmed delivered a two-out, run-scoring base hit in the top of the tenth inning to give the Aces a 2-1 win over the Sacramento River Cats, sending Reno to the Pacific Coast League Playoffs.
    More >>
  • Desperado's BBQ Wins Best Ribs in the West

    Desperado's BBQ Wins Best Ribs in the West

    Monday, September 1 2014 8:47 PM EDT2014-09-02 00:47:37 GMT
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
  • Most Popular StoriesMost Popular StoriesMore>>

  • Head-On Collision Closes Pyramid Highway

    Head-On Collision Closes Pyramid Highway

    Tuesday, September 2 2014 12:49 PM EDT2014-09-02 16:49:14 GMT
    UPDATE (9:37 a.m.):  Nevada Highway Patrol now reports that both lanes are closed to clear the site of the collision.  They say both lanes should re-open at about 10 a.m. Tuesday.  More >>
    UPDATE (9:37 a.m.):  Nevada Highway Patrol now reports that both lanes are closed to clear the site of the collision.  They say both lanes should re-open at about 10 a.m. Tuesday.  More >>
  • Fatal Rollover on Highway 50

    Fatal Rollover on Highway 50

    Monday, September 1 2014 2:45 PM EDT2014-09-01 18:45:19 GMT
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
  • Desperado's BBQ Wins Best Ribs in the West

    Desperado's BBQ Wins Best Ribs in the West

    Monday, September 1 2014 8:47 PM EDT2014-09-02 00:47:37 GMT
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
    The winner of the 2014 Best in the West Nugget Rib Cook-Off in Sparks, Nevada went to Desperado's BBQ from Hinckley, Ohio.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.