Lawsuit seeks to invalidate ballot measure capping pay day loan prices after signatures withdrawn

Lawsuit seeks to invalidate ballot measure capping pay day loan prices after signatures withdrawn

The Nebraska assistant of state stated an endeavor to place a ballot initiative capping cash advance rates of interest at 36% before voters gained more than 9,000 additional signatures than had been required under state legislation.

June the petition drive organized by Nebraskans for Responsible Lending submitted 120,000 names to Secretary of State Bob Evnen in late.

Of the, 94,468 signatures had been confirmed by county election officials — 110% associated with quantity needed — including 5% of authorized voters in 46 of Nebraska’s 93 counties, leading Evnen to approve the measure for the Nov. 3 ballot.

However a lawsuit filed Monday in Lancaster County District Court alleges how many registered voters that have withdrawn their signatures means the petition drive not any longer has 5% of help into the prerequisite quantity of counties. […]