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Cap Missouri Payday Loan Rates

Cap the interest rates Missouri payday and installment lenders can charge, currently among the highest in the country at over 400 percent APR. These loans trap working families in a cycle of debt the legislature has refused to close for two decades.

Supporting bill

MO HB3021Changes the laws regarding consumer credit interest rates

Introduced · updated 2 months ago

Missouri HB3021 amends consumer credit interest rates by setting minimum and maximum loan terms, restricting additional fees, and requiring clear.

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