New legislation pending before Gov. Jay Nixon could give people running short of money a new alternative for getting some quick cash.
A bill would make it profitable for Missouri-based banks to offer short-term cash advances, similar to payday loans.
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.
University of Missouri Health Care will lay off or cut the hours and pay for 35 employees and eliminate 90 unfilled jobs in the coming year.
MU Health Care spokesperson Mary Jenkins told The Columbia Daily Tribune the job losses are due to cuts in federal health care payments from Medicare and the failure of legislators to expand Medicaid eligibility.
She says many of the 90 jobs that will be eliminated have been unfilled for most of the past year.
The Missouri House is creating a committee to study itself.
House Speaker Tim Jones says he has formed a new committee to examine the operations of the House of Representatives and recommend potential changes to the way it conducts business.
The panel will have a long name. It’s called the Interim House Committee on Legislative Institutional Infrastructure and Process. It will be led by Rep. Dwight Scharnhorst, a Republican from St. Louis County.
Missouri's Republican-led Legislature put a priority on cutting taxes this year. But the same lawmakers who passed a $700 million income tax cut also approved numerous little-known fee increases.
One of those measures could increase fees on driver's licenses and vehicle registrations, costing Missourians almost $22 million annually. Another bill would impose fees on mailed-in speeding traffic tickets, affecting an estimated 170,000 cases annually.