Proposition 111 capped the interest payday lenders can charge at 36 percent. The average rate on loans used to be 129 percent.
The measure will limit interest rates to 36 percent and prevent lenders from adding origination and monthly maintenance fees.
The measure would limit interest rates to 36 percent, and would also prevent lenders from adding some fees.
A second blunder by printers means an unknown number of voters received incomplete Blue Books.