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JEFFERSION CITY • Six out-of-state companies have joined the fight against a ballot measure limiting how much lenders can charge for payday loans in Missouri, pouring big donations into a new political committee. Over the last three weeks, the companies ...
Read moreSecond group raises big money to oppose Missouri payday lending ballot measure
Payday loans, under state law, are loans for 14 to 31 days secured by a post-dated check. Lenders in Missouri can charge as much as $75 per $100 borrowed. Most loans cost borrowers $17 to $20 per $100. The fees are charged again if the borrower ...
Read moreBill takes new angle on payday loans
How many television sets could have been purchased if $314 million dollars had not been paid as interest to payday loan companies as reported 3 years ago in Missouri? Let's cap the interest rate at 36% and put more money into our retail economy.
Read moreOther options aren't abundant for payday loan customers
(AP) -- Missouri lawmakers have proposed shortening their annual ... Other proposals focused on payday loans and tax breaks to help Missourians construct storm shelters.
Read moreLegislators begin filing bills for next session
However, in July 2011, when the new Consumer Financial Protection Bureau officially launches, that agency will become the major clearinghouse for consumer complaints about financial products such as credit cards, payday loans and mortgages. Torok from the ...
Read moreFTC report: Credit card complaints nosedive in 2010
Think about it: “Occupy ALL Our Homes.” “Occupy Our Credit Cards … Our Payday Loans … Our Buy-and-Drive Loans …” I’m not saying these are necessarily the right tactics, although they very well may be. But what’s most important ...
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