payday loans

11:16 am
Mon February 24, 2014

Missouri lawmakers considering payday loan changes

Credit File Photo / Flickr

Missouri lawmakers are considering an overhaul of the state's payday loan industry that would give borrowers more time to pay back a loan.

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5:19 pm
Mon September 3, 2012

Ballot initiative supporters give up on payday loans, minimum wage

file photo
Jacob Fenston KBIA

Two groups that had been pushing to get initiatives stiffening regulations on payday loans and raising Missouri's minimum wage are giving up their fight to get the measures on the November ballot.

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6:20 pm
Tue August 7, 2012

Tobacco tax on November ballot, minimum wage and payday loan restrictions fall short

Missouri voters will be asked in November to raise the state's tobacco tax and let St. Louis run its own police department.

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Health & Wealth Update
1:51 pm
Wed August 1, 2012

Payday loans, minimum wage and cigarette tax one step closer to voters

Canvassing in Columbia, earlier this year.
Jacob Fenston KBIA

Initiatives that would cap payday loan interest rates, raise the Missouri minimum wage, and raise the state's tobacco tax are a step closer to the November ballot, after a Missouri Supreme Court ruling yesterday. The three initiatives were tied up for months in court – one judge struck down the payday petition, ruling the ballot summary was "likely to deceive petition signers." But yesterday, the Missouri Supreme Court upheld all three ballot summaries.

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5:23 pm
Mon June 25, 2012

Court hearing challenge to ballot initiatives

jonathunder Wikimedia Commons

The authority of the Missouri auditor to write financial estimates for ballot initiatives is under scrutiny by the state Supreme Court.

The high court heard arguments Monday on whether a law directing the auditor to prepare the financial estimates exceeds the limits of the auditor's authority spelled out in the Missouri Constitution.

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AM Newscasts
9:15 am
Fri April 6, 2012

Newscast for April 6, 2012

Jacob Fenston KBIA

Regional news coverage from the KBIA newsroom, including:

  • House endorses teacher tenure compromise
  • Ruling could doom payday loan ballot initiative
  • Missouri House approves advertising on school buses
8:27 am
Fri April 6, 2012

Ruling could doom payday loan ballot initiative

Petitioners have until May 6 to gather about 100,000 signatures. The language on the petition they are using is now in question.
Jacob Fenston KBIA

 A Missouri judge has dealt a setback to supporters of a ballot proposal that would limit interest rates on payday loans. Cole County Circuit Judge Dan Green ruled Thursday that the ballot summary and financial estimate for the initiative are "inadequate" and "unfair" and "likely to deceive petition signers."

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Health & Wealth Report
10:13 am
Tue April 3, 2012

Payday loans: credit option or debt trap?

Rachel English, with Grass Roots Organizing, gathers signatures in Columbia for the 36 percent cap.
Jacob Fenston KBIA

Missouri is fertile ground for payday lenders. With some of the loosest regulations in the nation, we are among the states with the most payday lending stores per capita. In this Health & Wealth report, the payday lending industry in Missouri fights for its life, as activists aim for the November ballot to try to rein in these lenders they say trap the working poor in a cycle of debt.

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11:11 am
Fri January 13, 2012

Legislature will consider loan interest cap

A payday loan shop window.
By Gregory F. Maxwell Wikimedia commons

A Missouri House member is proposing legislation that would ask voters to approve tougher regulation of certain installment loans.

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