Advocates fear bill will reverse payday loaning restrictions

Advocates fear bill will reverse payday loaning restrictions

LIBERTY, Mo. — pay day loans have a standard interest of around 400 percent, producing debt traps for consumers.

It is precisely why Liberty voters opted in November to pass through restrictions on creditors. But an expense returning to Gov. Mike Parson’s desk could undo among those constraints, based on some advocates.

The freedom ballot assess appeared from a petition arranged because of the Northland fairness Coalition. Continue reading «Advocates fear bill will reverse payday loaning restrictions»