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Advocates worry bill will undo payday financing regulations

Advocates worry bill will undo payday financing regulations

LIBERTY, Mo. — Payday loans carry an interest that is average of almost 400 per cent, creating financial obligation traps for customers.

It really is why Liberty voters decided in to pass limits on lenders november. Nevertheless, a bill on its option to Gov. Mike Parson’s desk could undo some of these limitations, relating to some advocates.

The Liberty ballot measure emerged from the petition arranged because of the Northland Justice Coalition.