“Missourians want meaningful payday lending reform, not a sham effort at reform that allows such predatory practices to continue,” Nixon said
Charlie Brennan – Thursday, May 1st – Ill. Att’y General Lisa Madigan; Ryan Williams; Chief Jason Null
Charlie with Ill. Att’y General Lisa Madigan; with Actor Ryan Williams; and with Chief Jason Null, U.S. Navy, in St. Louis this week for 2014 Navy Week.
State law currently allows borrowers to renew their loans six times, but that may not be the case depending on a new bill endorsed by Missouri legislation.
The groups, Missourians for Responsible Lending and Give Missourians a Raise, announced Monday morning there wasn’t enough time to meet the Sept. 21 deadline.
State elections officials have ruled the measure’s proponents collected too few signatures to get it on the ballot.
Supporters of raising Missouri’s minimum wage and limiting payday loans submitted petitions Sunday to get the separate measures on the November ballot, beating this weekend’s deadline to turn in signatures.
Payday lenders can require that customer disputes be settled by arbitration instead of through class-action lawsuits.
Payday lenders can require customers to resolve disputes through arbitration.
Missourians for Responsible Lending and Give Missourians A Raise kicked off the two initiative petition campaigns at a joint event Saturday.
The Fair Community Credit group is a consortium of churches, bankers, lawyers and nonprofit agencies that plan to offer small loans.