Cities, Lenders Resume Battle Over High-Interest Loans

Cities, Lenders Resume Battle Over High-Interest Loans

Mike Parson Would Undermine Municipal Regulations

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

It provides fast money with few questions expected. Its 1 of 2 companies suing Liberty within the city’s attempt to curb high-interest financing. And, and also other installment loan providers, Tower Loan are at the biggest market of issues about an item of legislation presently sitting regarding the desk of Missouri Gov. Mike Parson.

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

Mahurin, that is in a jobs training curriculum, stated he took down that loan in October after their spouse had been hurt on the task and additionally they had been in short supply of money to cover bills. Continue reading “Cities, Lenders Resume Battle Over High-Interest Loans”