Cities, Lenders Resume Battle Over High-Interest Loans

Mike Parson Would Undermine Municipal Regulations

Tower Loan in Liberty is sandwiched in a strip shopping mall, a payday lending store on its left and a taxation planning workplace on its right.

It provides cash that is quick few questions expected. It really is 1 of 2 organizations suing Liberty within the city’s attempt to control high-interest financing. And, as well as other installment loan providers, Tower Loan has reached the middle of issues about an item of legislation presently sitting regarding the desk of Missouri Gov. Mike Parson.

Regarding the Friday prior to the Memorial Day week-end, Jeff Mahurin invested just a minutes that are few the Liberty branch workplace. “I happened to be simply paying down the things I owed,” he said. “I got my stimulus check.”

Mahurin, who’s in a jobs program that is training stated he took away that loan in October after his spouse was hurt on the task plus they had been in short supply of cash to cover bills. 继续阅读Cities, Lenders Resume Battle Over High-Interest Loans