skip to content

Pro Bono Net

Pro Bono News

Nevada AG Calls on Feds to Protect Consumers From Abusive Lenders (NV)

Thursday, March 21, 2019

Nevada AG Calls on Feds to Protect Consumers From Abusive Lenders

"CARSON CITY, Nev. – Nevada Attorney General Aaron Ford is calling on the Trump administration to allow Obama-era rules on payday lending to take effect.

Ford and 25 other state attorneys general sent a letter asking the Consumer Financial Protection Bureau (CFPB) to stop delaying a rule that would force payday and title lenders to actually consider whether borrowers have the ability to pay back the loan.

Sophia Romero, a staff attorney at Legal Aid Center of Southern Nevada, applauds the efforts, saying low-income Nevadans are getting stuck in an unending cycle of debt with these ultra-high interest revolving loans.

"We see consumers who have been abused by payday lenders who are failing to follow current statutes on a regular basis,” Romero states. “And we are happy that the AG's office is getting involved as well as the state Legislature."

On Wednesday, the Legislature held a hearing on SB 201 – a bill that would direct the state to set up a database to help enforce existing laws.

Lenders argue that a database could lead to job losses in their industry and be vulnerable to hackers..."

Continue reading

Thanks to PBN Sponsors:

  • Practising Law Institute
Pro Bono and legal aid attorney resources - Pro Bono Net

#GivingTuesday Featured Volunteer
Dorinda L. Foster

#GivingTuesday is all about giving back to our communities and giving thanks to those who make our work possible. For this year's #GivingTuesday we highlighted Dorinda Foster, an amazing LiveHelp volunteer in New York. Support innovation in access to justice through to Pro Bono Net. 

Not a lawyer?
Need legal help?

Visit LawHelp.org for legal information for the public