Missouri group pushes for payday loan reforms

5 months 2 weeks 2 days ago Friday, May 05 2017 May 5, 2017 Friday, May 05, 2017 2:52:00 PM CDT May 05, 2017 in News
By: John Saltzman, KOMU 8 reporter
loading

COLUMBIA — Faith Voices of Columbia met on the steps of the First Baptist Church as a call to action for Missouri State Legislators regarding payday loans.

Payday loans are referred to as “debt traps” by Faith Voices of Columbia and their initiative is centered on the “Family First” principle they use to raise awareness.

“I think the discarded values of the past need to be rediscovered, family first, take care of your brother first. These legislators I think are really out of touch, that’s got to be the bottom line they are out of touch,” Joseph Wilson said.

Joseph Wilson is a co-facilitator for Faith Voices of Columbia and has experienced first hand the debt that payday loans can bring.

“We did pay off 3 of our loans and then after losing a car, we just did our jobs. I had some odd jobs, I did painting, grass cutting, you name it, whatever I could find,” Wilson said.

Brian Ford is the executive director of Church Net, which is a statewide Baptist church network. Ford spoke at the led the speaking at the press conference this afternoon and highlighted the need for payday reform in the state.

“Some bills have been written that will bring real payday reform in our state and capping the loan rate for payday loans at 36%. We are just a few days away from the end of our session in 2017 and it is not scheduled for committee for a vote,” Ford said.

The current rate is 463% on average so the people who gathered, shared stories of payday loan debt to continue the conversation about possible reform.

Faith Voices have met and continued to spread the word of reform for the past few days and plan to continue to voice their concerns to the state in hopes of payday reform bills reaching committee when the session closes.

More News

Grid
List
FULTON - Dozens of trucks raced though the mud to raise money for the Central Missouri Honor Flight Saturday at... More >>
32 minutes ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 5:48:00 PM CDT October 21, 2017 in News
JEFFERSON CITY (AP) — The state no longer will make children in foster care pay a $15 fee to get... More >>
1 hour ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 4:56:46 PM CDT October 21, 2017 in News
HOLTS SUMMIT- New bike lines were painted in Holts Summit Thursday to make cycling safer and more accessible. The... More >>
2 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:49:00 PM CDT October 21, 2017 in News
JEFFERSON CITY- Local entrepreneurs walked away with some cash Saturday after an annual pitch off competition. The sixth annual... More >>
2 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:42:00 PM CDT October 21, 2017 in News
ST. LOUIS (AP) — The St. Louis public school district is suing 32 teachers for breaking their contracts by leaving... More >>
2 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:35:00 PM CDT October 21, 2017 in News
COLUMBIA - The University of Missouri Museum of Art and Archaeology hosted an explorative event on Saturday for International Archaeology... More >>
2 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:23:00 PM CDT October 21, 2017 in News
ST. LOUIS (AP) — A St. Louis Community College professor was grabbed from behind by an officer, pulled to the... More >>
4 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 1:33:18 PM CDT October 21, 2017 in News
MOBERLY - The Missouri Association of Student Financial Aid Personnel (MASFAP) is celebrating 50 years of providing greater access to... More >>
5 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 1:09:00 PM CDT October 21, 2017 in News
KANSAS CITY (AP) — Kansas City's efforts to obtain $40 million in federal funding to replace an important bridge are... More >>
7 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 10:43:44 AM CDT October 21, 2017 in News
COLUMBIA - The Center Project, mid-Missouri's LGBTQ community center, will provide free health care and behavioral health services Saturday to... More >>
11 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 7:20:00 AM CDT October 21, 2017 in News
COLUMBIA - Local charity Pink Pursuit raises money to provide mammograms on a van that travels across Missouri. "I... More >>
14 hours ago Saturday, October 21 2017 Oct 21, 2017 Saturday, October 21, 2017 3:25:00 AM CDT October 21, 2017 in News
COLUMBIA - Boone and Callaway County has a new circuit judge. Judge J. Hasbrouck “Brouck” Jacobs will preside over... More >>
22 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 8:04:00 PM CDT October 20, 2017 in News
COLUMBIA - Mid-Missouri high school football teams are kicking off the final week of Friday Night Fever. In our FNF... More >>
23 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:51:00 PM CDT October 20, 2017 in Continuous News
COLUMBIA - The University of Missouri kicked off its 106th Homecoming game day early Saturday morning with a parade full... More >>
23 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:38:00 PM CDT October 20, 2017 in News
COLUMBIA - Fight for the First documentary was shown at the Missouri theatre for donors and students Friday. The film... More >>
23 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:32:00 PM CDT October 20, 2017 in News
COLUMBIA - Below are scores from the last week of the high school football season. Final scores will be in... More >>
23 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:27:00 PM CDT October 20, 2017 in News
ST. LOUIS (AP) — A Nigerian citizen living in St. Louis has been sentenced to six and a half years... More >>
1 day ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:01:00 PM CDT October 20, 2017 in News
COLUMBIA - #MeToo started as a tweet and turned into an international discussion on sexual harassment. Columbia resident Macy... More >>
1 day ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 5:52:00 PM CDT October 20, 2017 in News
Columbia, MO
Broken Clouds 75°
7pm 73°
8pm 72°
9pm 71°
10pm 70°

Select a station to view its upcoming schedule:

Coming Up Next

6:00p
KOMU 8 News @ 6
6:30p
College Football
10:00p
KOMU 8 News @ 10
6:00p
The Cleveland Show
6:30p
The Cleveland Show
7:00p
Family Guy

Tonight's Schedule

6:30p
College Football
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld