cash advances http://kbia.org en Gov. Nixon considering cash-advance bill http://kbia.org/post/gov-nixon-considering-cash-advance-bill <p>People running short of money could have a new alternative for getting some quick cash under legislation pending before Democratic Governor Jay Nixon.</p><p>The bill would make it profitable for Missouri-based banks to offer short-term cash advances, similar to payday loans.</p><p>Some nationally chartered banks already offer the short-term loans with fees of about $50 on a $500 loan. Missouri law had allowed such loans, but the Missouri Bankers Association says that few banks offered them because the law set the maximum fee too low.</p> Mon, 17 Jun 2013 21:27:12 +0000 Associated Press 35619 at http://kbia.org Gov. Nixon considering cash-advance bill Gov. Nixon considers bills on cash advances, abortion http://kbia.org/post/gov-nixon-considers-bills-cash-advances-abortion <p>New legislation pending before Gov. Jay Nixon could give people running short of money a new alternative for getting some quick cash.</p><p>A bill would make it profitable for Missouri-based banks to offer short-term cash advances, similar to payday loans.</p><p>Some nationally chartered banks already offer the short-term loans with fees of around $50 on a $500 loan. Missouri law had allowed such loans, but the Missouri Bankers Association says that few banks offered them because the law set the maximum fee too low.</p> Mon, 17 Jun 2013 13:26:27 +0000 Associated Press 35585 at http://kbia.org Gov. Nixon considers bills on cash advances, abortion