Legislative Update on Missouri’s Payday Lending Crisis

April 13th, 2010

The Consumers Council of Missouri (CCM) will present a Legislative Update on Sunday, April 18 from 4 to 6 p.m. at The Heights, 8001 Dale Avenue in Richmond Heights.

Representative Mary Still (D-25) will speak on Missouri’s payday lending crisis. Rep. Still is the sponsor of House Bill 2116, legislation which would reform the payday lending industry by reducing the outrageous triple-digit interest rates that are currently allowed in hope of bringing Missouri into the mainstream. In additions, Senator Joan Bray (D-24) and John Coffman, CCM’s General Counsel, will provide an update on utility issues.

“Our organization is the only statewide advocacy group for consumers,” said President Joan Suarez, “and we speak for the common interest of all Missourians. Presenting these legislative updates is one of the ways we keep consumers informed about what is happening in Jefferson City that will affect their families.”

This event is free and open to the public. For more information, contact Judi Roman at 314-647-9232.

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