Advocates worry bill will undo payday financing laws

Advocates worry bill will undo payday financing laws

LIBERTY, Mo. — Payday loans carry an interest that is average of almost 400 per cent, producing financial obligation traps for customers.

It is why Liberty voters decided in to pass limits on lenders november. But, a bill on its solution to Gov. Mike Parson’s desk could undo several of those limitations, relating to some advocates.

The Liberty ballot measure emerged from the petition arranged by the Northland Justice Coalition. Continue reading “Advocates worry bill will undo payday financing laws”