News

'Car-title Loans' a Road to Deep Debt

Anyone with equity in a car (meaning they own it outright or owe just a small amount) can get a short-term loan for up to half of the car's value by pledging their car's title (and often forking over spare keys) to secure the loan. Borrowers keep possession of their cars while they're making payments. But that quick cash comes with a steep price tag: interest rates that can top 100 percent a year, extra fees and the possibility of having the car repossessed.

Editorial: The Utility Shell Game

A bipartisan group of lawmakers is blocking a bill that would allow Ameren Missouri to raise electric rates on consumers more quickly with less regulatory oversight. Good for them. Now they should also block Senate Bill 240, which expands the ability of regulated gas utilities, such as Laclede Gas and Ameren, to raise rates outside the normal rate-case process.

Coalition is Holding Banks Accountable for Meeting Communities' Needs

The St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) is a coalition of non-profit and community organizations in the St. Louis metropolitan area.  The organization works to increase investment in minority communities, regardless of income, and in low- and moderate-income communities, regardless of race, by ensuring that banks are meeting their obligations under the Community Reinvestment Act and fair lending laws.

Consumers Council of Missouri actively participates in SLEHCRA.

Editorial: Medicaid Defeat Hurts Missourians Who Need Help Most

In a number of states, Republican lawmakers are making a stubborn stand against the expansion of Medicare coverage contained in the federal Affordable Care Act.  They laud themselves for having denied a tenet of Obamacare, sticking it to the president whose name is attached.  Trouble is, their main effect is to make life harder for constituents in their own states, not to mention throwing sand in the progress of health care reform.

Federal Regulators to Rein In Payday Lending by Banks

Washington Post, printed in the St. Louis Post-Dispatch, April 24, 2013

WASHINGTON • Banking regulators are set to hand down tough new rules to govern short-term, high-interest loans that have been blamed for trapping some Americans in a cycle of debt, according to people familiar with the matter.

Editorial: Healthcare Issue Too Important to Die; Save Lives - Expand Medicaid

A brutal form of cynicism lies behind the latest excuse offered by Missouri Senate Republicans for refusing to even discuss an expansion of the state Medicaid program. The proposal would extend health insurance to poor people and bring thousands of jobs to the state by leveraging billions of dollars in federal investment.

Consumers Victorious in MO Senate Vote on Water Surcharge Legislation

Associate Press, April 16, 2013

JEFFERSON CITY, Mo. -- The Missouri Senate has rejected a bill that would have allowed additional water and sewer companies to seek permission for surcharges to build new infrastructure.

Currently, only water companies in St. Louis County can impose such a surcharge between formal rate cases. Other water companies must get approval for a rate increase from the state Public Service Commission.

Medicaid Rally at Capitol Attracts 1,000

Associate Press, April 16, 2013

Rallying with one of the largest crowds of the year at the Missouri Capitol, Gov. Jay Nixon urged activists on Tuesday to implore reluctant Republican lawmakers to expand Medicaid coverage to hundreds of thousands of lower-income adults.

Ameren Biggest Spender on Legislators, Report of Data Says

St. Louis Public Radio has launched a new project that will keep track monthly of gifts and money lobbyists give to Missouri legislators.  Its first report tracks expenditures in the first two months of 2013.  In January and February Ameren Corp., provider of electricity and gas to a large portion of the state, topped the list with expenditures of more than $25,000.

KWMU, University of Missouri - St. Louis, April 10, 2013

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