loans

St. Louis on the Air
4:40 pm
Tue August 6, 2013

Payday Loan Industry Under Scrutiny, Mo. Opponents Renew Effort To Cap Interest Rates

A group of community and religious leaders is proposing a Missouri ballot measure that would effectively limit the cost of payday loans.
flickr/taberandrew

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.

An investigative series by reporter Paul Kiel of ProPublica is shedding light on the issue.

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Politics
11:05 am
Mon September 17, 2012

As deadline to drop out nears, McCaskill steps up attacks on Akin

(Akin: UPI Bill Greenblatt/McCaskill: Flickr/SenatorMcCaskill)

After weeks of focusing on her image as a moderate Democrat who isn't afraid of compromise, Senator Claire McCaskill stepped up the attack on her opponent in November's Election, Congressman Todd Akin.

In a speech to Democrats in Callaway County, the Senator touched on a variety of issues to incite Democratic voters. One topic that garnered the most applause (and laughter) from the audience was student loans.

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Politics
3:59 pm
Mon September 10, 2012

McCaskill attacks Akin for comments on student loans

Incumbent Democrat Claire McCaskill (right) and Congressman Todd Akin (left).
(Akin: UPI Bill Greenblatt/McCaskill: Flickr/SenatorMcCaskill)

Democratic Senator Claire McCaskill has been on the attack against her Republican opponent, criticizing Congressman Akin for controversial comments he’s made. But the comments she's attacking are not related to abortion.

So far, McCaskill has avoided attacking Congressman Akin for his comments on “legitimate rape,” which would force her to discuss her stance on the touchy issue of abortion.  Instead, she’s attacking him for his comments on student loans.

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Payday Loans
8:31 pm
Wed September 5, 2012

Activists protest to lower payday loan interest rates, raise the minimum wage

Justin Stein of Jobs with Justice leads protesters outside a payday loan shop on Grand Ave. on Wednesday, Sept. 5.
Tim Lloyd St. Louis Public Radio

Supporters of a failed effort to place initiatives on the November ballot in Missouri that would cap interest rates on payday loans and raise the minimum wage rallied in St. Louis today.

From priests to teenagers, around 100 people marched around a payday loan shop on Grand Ave.

Jamala Rogers is with Jobs for Justice and helped collect signatures for the ballot initiatives.

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Morning round-up
9:28 am
Tue September 4, 2012

Morning headlines: Tuesday, September 4, 2012

(via Flickr/Indofunk Satish)

Legal fight between Quinn and Union continues

The legal fight between Illinois Governor Pat Quinn and the union that represents prisons workers continues this week.

Quinn had wanted the prisons closed by last Friday. Instead that day an arbitrator said the administration violated its contract with the prison workers' union by moving to close the facilities before they'd finished what's called "impact bargaining."

Union spokesman Anders Lindall says impact bargaining doesn't only affect employees facing layoffs.

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Morning roundup
8:53 am
Thu April 12, 2012

Morning headlines: Thursday, April 12, 2012

(via Flickr/IndofunkSatish)

Study: Corps made the right choice in breaching Birds Point

A new study says the Army Corps of Engineers made the right choice when it blew up a southeast Missouri levee last year.

Study co-author Ken Olson, a professor of soil sciences at the University of Illinois Champaign-Urban,a says river levels continued to rise even after the Birds Point-New Madrid Floodway was breached by explosives to relieve flooding pressure on Cairo, Ill.

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Morning round-up
9:18 am
Mon August 22, 2011

Morning headlines: Monday, August 22, 2011

Critics are challenging a proposed Mo. ballot measure that seeks to limit interest rates for payday loans.
Flickr/PinkMoose

Critics challenge Mo. measure to limit payday loan interest

The proposed ballot measure would cap interest, fees and charges for payday and car title loans at 36 percent per year.

Critics of the proposal filed a lawsuit in the state Capitol's home of Cole County. The suit contends a ballot summary for the proposal is inadequate and unfair and that the cost estimate for the proposal does not address all the possible costs.

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Morning round-up
9:32 am
Wed August 10, 2011

Morning headlines: Wednesday, August 10, 2011

A group of community and religious leaders is proposing a Missouri ballot measure that would effectively limit the cost of payday loans.
flickr/taberandrew

Wording approved for Mo. ballot measure limiting payday loans

A group of community and religious leaders is proposing a Missouri ballot measure that would effectively limit the cost of payday loans. The secretary of state's office on Tuesday approved the wording of a proposed ballot summary, allowing supporters to begin a petition drive to put the question on a statewide ballot.

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Missouri Disaster Recovery
5:29 pm
Tue May 10, 2011

Mo. treasurer Zweifel making fast, low-interest loans available to disaster victims

A home in Ferguson, Mo. damaged by the "Good Friday" (April 22) tornadoes of 2011.
(Adam Allington/St. Louis Public Radio)

The Missouri State Treasurer is making low-interest loans available to over 40 counties trying to rebound from a string of weather-related disasters.

State Treasurer Clint Zweifel, who was in the St. Louis region Tuesday, says the loans will help homeowners and businesses qualify for loans in less than 24 hours.

Zweifel also says the new program will cut red tape and help qualified borrowers receive low-interest assistance loans in less than 24 hours.

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Kinder loan
2:04 pm
Thu December 30, 2010

Former Mo. gov forgives loan to current Lt. Gov.

Matt Blunt with Peter Kinder in 2005
(Bill Greenblatt/UPI)

Former Missouri Gov. Matt Blunt has forgiven a loan he made to the man who wants the job he once held.

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