As votes continue to be counted in a nail-biter presidential election, tallies Wednesday showed that cannabis legalization and interest rate caps on consumer loans remain popular even in Republican-leaning states.
In other state-level results that carry implications for the financial services industry, Californians passed a ballot measure that will tighten the nation’s most stringent consumer data privacy regime, and voters in three states approved initiatives to legalize sports betting.
The results are in line with voting trends in recent U.S. elections. Legalization of cannabis has proved to be a political winner with voters across the ideological spectrum, and they have taken a similarly hands-off stance on sports wagering.
But Americans have not shown libertarian tendencies on every issue. Bans on consumer loans with high annual percentage rates, for instance, have fared well with voters.
Below is a rundown of what Tuesday’s results mean for banks and other providers of…