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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 payday lending store on its left and a income tax planning workplace on its right.

It gives fast money with few questions expected. It really is 1 of 2 companies suing Liberty on the city’s attempt to suppress 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.

In the Friday prior to the Memorial Day week-end, Jeff Mahurin invested just a couple of minutes inside the Liberty branch workplace. “I became simply paying down the things I owed,” he said. Continue reading Cities, Lenders Resume Battle Over High-Interest Loans