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(Missourinet) – Many Missourians facing hardship turn to short-term loans to help them meet their financial needs until their next paycheck arrives. Payday loans must often be repaid in 14 days and they come at a price. A state House committee is...

(AUDIO) Missouri lawmaker calls for more payday loan regulation

(Missourinet) – Many Missourians facing hardship turn to short-term loans to help them meet their financial needs until their next paycheck arrives. Payday loans must often be repaid in 14 days and they come at a price. A state House committee is considering whether to restrict payday loan fees and interest at 35% of the amount …

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