Springfield town leaders aim to St. Louis in producing lending that is payday

Springfield town leaders aim to St. Louis in producing lending that is payday

While their fingers are tied with regards to interest that is capping, payday loan providers may charge — that is someone just Missouri legislators could do — users of Springfield City Council are looking at creating an ordinance that will replace the method lenders can run.

The council’s Finance and management Committee met Wednesday to listen to from advocates for the change, including a Springfield woman whom says her family got caught when online installment loans in oklahoma you look at the “payday loan trap” for more than two years and Cara Spencer, an alderman from St. Continue reading “Springfield town leaders aim to St. Louis in producing lending that is payday”