Moderate payday loan reform proposed for Missouri amid regulatory doubt High prices can make a financial obligation trap for consumers whom find it difficult to big picture loans locations settle payments and sign up for loans that are payday. JEFFERSON CITY — While keeping cash advance hearings in February, Rep. Steve Helms discovered himself dealing [...]
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Editorial: State should do more to cease payday financing Illustration of a lifebuoy adrift when you look at the ocean in the middle of hungry sharks (Photo: Paul Fleet, Getty Images/iStockphoto) Payday lenders gouge poor people. They offer «cash advances” or “check loans» due for payment on a customer’s payday that is next. Some cost [...]