Payday Loan Reform
ST. LOUIS- Missouri Attorney General Jay Nixon will be in St. Louis tuesday to push for tougher oversight of the payday loan industry. Nixon says Missouri has some of the most lenient payday loan laws in the country. He has supported legislation that would cap rates on payday loans. Nixon will attend a press conference tuesday morning at 10:30 to discuss the issue. He will be joined by government officials and religious ministers.