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Morning round-up
9:39 am
Tue February 7, 2012

Morning headlines: February 7, 2012

Missourians who take out payday loans could get more time to pay them off under legislation proposed by a state senator.
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More time to pay off payday loans under proposed

Payday loans are unsecured loans of $500 or less that must be paid off within 31 days.  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.

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