Movement in Missouri

The Missouri House of Representatives will likely vote this week on restrictions for short-term lending, according to this newspaper article. There are some in the state that still want to ban payday lending, but this bill sponsor says that’s not the aim of this legislation.

Bill sponsor Rep. Ellen Brandom, R-Sikeston, said the bill would help curb abuses without putting the industry out of business.

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THE DEMAND FOR SHORT-TERM CREDIT