payday lenders http://news.stlpublicradio.org en Payday Loan Industry Under Scrutiny, Mo. Opponents Renew Effort To Cap Interest Rates http://news.stlpublicradio.org/post/payday-loan-industry-under-scrutiny-mo-opponents-renew-effort-cap-interest-rates <p>Opponents of payday loans say extremely high interest rates and quick turn-around sink people into a never-ending cycle of debt. Those in favor of the loans say they are providing a necessary service by offering loans to people who otherwise would not have access to them.</p><p><a href="http://www.propublica.org/series/debt-inc">An investigative series by reporter Paul Kiel of ProPublica</a> is shedding light on the issue.</p> Tue, 06 Aug 2013 21:40:29 +0000 Camille Phillips 28861 at http://news.stlpublicradio.org Payday Loan Industry Under Scrutiny, Mo. Opponents Renew Effort To Cap Interest Rates Court upholds language on local control measure http://news.stlpublicradio.org/post/court-upholds-language-local-control-measure <p>A Missouri appeals court <a href="http://www.courts.mo.gov/file.jsp?id=56188">has ruled</a> that language used to summarize a <a href="http://www.sos.mo.gov/elections/2012petitions/12init_pet.asp#2012088">ballot proposal</a> giving St. Louis city &nbsp;control of its police department is fair.</p> Tue, 21 Aug 2012 17:02:11 +0000 Rachel Lippmann & The Associated Press 4370 at http://news.stlpublicradio.org Court upholds language on local control measure Morning headlines: February 7, 2012 http://news.stlpublicradio.org/post/morning-headlines-february-7-2012 <p><strong>More time to pay off payday loans under proposed</strong></p><p>Payday loans are unsecured loans of $500 or less that must be paid off within 31 days.&nbsp; Sen. John Lamping, a St. Louis County Republican, told a Senate committee Monday that people should get at least 90 days to pay off those loans. The bill would also make it illegal for payday lenders to roll over or extend loans beyond 90 days.</p> Tue, 07 Feb 2012 15:39:53 +0000 Julie Bierach, Illinois Public Radio & The Associated Press 3018 at http://news.stlpublicradio.org Morning headlines: February 7, 2012