Missouri House Backs Payday Loan Legislation

8 years 6 months 4 days ago Wednesday, April 13 2011 Apr 13, 2011 Wednesday, April 13, 2011 1:21:00 PM CDT April 13, 2011 in News
By: Associated Press

JEFFERSON CITY (AP) - The Missouri House has given first-round approval to a measure limiting how much payday lenders can charge customers.

Wednesday's vote was 99-57. The measure needs a second House vote before it goes to the Senate.

The bill caps total interest at 60 percent of the loan amount and lets customers "roll over" a loan three times instead of the current six.

Sponsoring Rep. Ellen Brandom, a Sikeston Republican, says the bill would protect consumers from high interest rates while still allowing payday lenders to make money.

But Columbia Democrat Mary Still argues that interest rates should be much lower and that customers should get more time to pay off their loans.

More News

Grid
List
HIGH POINT- In an effort to increase safety at school, High Point school district recently began arming select teachers. ... More >>
1 hour ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 2:21:00 PM CDT October 17, 2019 in News
COLUMBIA - Missouri school districts found out Thursday how well they performed over the last school year following the release... More >>
1 hour ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 2:17:00 PM CDT October 17, 2019 in News
COLUMBIA - Leaders of a support group say their new "Reentry Opportunity Center" will help give recently released inmates the... More >>
1 hour ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:46:00 PM CDT October 17, 2019 in News
FULTON - A man has been arrested after drug bust earlier this morning in Fulton. Antonio Jerome Beard, 43,... More >>
1 hour ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:36:00 PM CDT October 17, 2019 in News
JEFFERSON CITY - Missouri unemployment has decreased a tenth of a percent in the past month according to a new... More >>
2 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 1:10:00 PM CDT October 17, 2019 in News
COLUMBIA (AP) — A judge has ordered a man to repay most of a $2 million settlement he received after... More >>
2 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 12:50:00 PM CDT October 17, 2019 in News
(CNN) -- Rep. Elijah Cummings, a longtime Maryland Democrat and key figure leading investigations into President Donald Trump, has died... More >>
5 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 10:04:01 AM CDT October 17, 2019 in News
JEFFERSON CITY - Immaculate Conception Catholic Parish's discussion panel will center on the "Faith Response to Climate Change." The... More >>
8 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 7:30:00 AM CDT October 17, 2019 in News
FULTON – Callaway County has existed for nearly 200 years without taxes that support law enforcement or the county judicial... More >>
11 hours ago Thursday, October 17 2019 Oct 17, 2019 Thursday, October 17, 2019 3:38:00 AM CDT October 17, 2019 in News
COLUMBIA - On Wednesday morning the National Oceanic and Atmospheric Association (NOAA) released an update to global land and ocean... More >>
17 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:49:00 PM CDT October 16, 2019 in Climate
MEXICO – A vape business owner defended their products after Governor Mike Parson released his ‘Clean the Air’ campaign Tuesday.... More >>
18 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 9:11:00 PM CDT October 16, 2019 in News
COLUMBIA — Police chased a person through Columbia Wednesday night after they said the suspect failed to pull over for... More >>
19 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 8:07:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - State Auditor Nicole Galloway released an audit Wednesday of the Insurance Dedicated Fund and the Insurance Examiners'... More >>
20 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 6:48:00 PM CDT October 16, 2019 in News
JEFFERSON CITY — Missouri Attorney General Eric Schmitt filed a lawsuit against Cory Mincey and Puppy Love Kennel of Dallas... More >>
21 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:48:00 PM CDT October 16, 2019 in News
COLUMBIA - The Sharp End Heritage Committee unveiled seven new markers Wednesday that will be placed on the African American... More >>
21 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:48:00 PM CDT October 16, 2019 in News
COLUMBIA - In an effort to decrease the number of suicides across the state, a non-profit group is teaming up... More >>
21 hours ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 5:45:00 PM CDT October 16, 2019 in News
MILLER COUNTY - A Tuscumbia man has been sentenced to 15 years in the Missouri Department of Corrections for failure... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 2:42:00 PM CDT October 16, 2019 in News
JEFFERSON CITY - Three former Cole County Emergency Medical Services employees filed lawsuits against the county on Monday, claiming discrimination... More >>
1 day ago Wednesday, October 16 2019 Oct 16, 2019 Wednesday, October 16, 2019 2:33:00 PM CDT October 16, 2019 in News
Columbia, MO
Broken Clouds 62°
4pm 64°
5pm 63°
6pm 61°
7pm 57°