Paul Kiel 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